The Impacts of Trump’s $200 Billion China Tariff List on the LED Industry - Energy Watch News


The Impacts of Trump’s $200 Billion China Tariff List on the LED Industry

On July 10th , the Trump administration announced plans to propose additional tariffs on US$200 Billion worth of Chinese goods and released the tariff list. LEDinside analyzed the list right after the announcement and anticipated that the new tariff list might hit the LED industry in China. The previous tariff list addressed mainly intermediate goods and had limited impacts on LED companies in China as the exported goods of the categories from China to the U.S. were worth US$175 million. The tariff majorly influenced U.S. based companies such as Cree, who has factories in the U.S. and has to buy the intermediate products from China for manufacturing. However, the second tariff list covers a wider range of LED products, including more than 10 items of LEDs and lighting categories with higher trading amount. In 2017, some of the Chinese exported lighting products were worth over $5 billion. https://www.ledinside.com/

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