Economic Laws Practice (ELP)’s Post

【NEWS UPDATE】🌍 Challenges in the Global Chemical Industry: A Growing Concern for China’s Exports 🌍 https://lnkd.in/gP-Aptnk Recently, the U.S. Department of Commerce announced preliminary anti-dumping rulings on epoxy resins imported from China, India, South Korea, Thailand, and Taiwan, with Chinese producers facing a staggering dumping margin of 354.99%. As China grapples with these trade barriers, the implications for its chemical industry are significant. 🚫💰 China's epoxy resin production capacity stands at 6 million tons, with another 1 million tons still under construction, yet domestic demand hovers around 1.7 million tons. This imbalance highlights the urgent need for export markets, and the imposition of anti-dumping measures could lead to a serious oversupply crisis. 📉 Over 40 types of chemical products from China are now subject to export restrictions, with countries like India, the U.S., and members of the EU implementing anti-dumping measures. This trend is expected to continue, putting immense pressure on China's chemical enterprises, which are facing the risk of reduced export revenue and potential capital chain disruptions. 📊🔗 From 1995 to 2023, China has seen 1,614 anti-dumping cases, making it the largest target of trade protectionism globally. Recent discussions in the U.S. about revoking China’s most-favored-nation status further exacerbate these challenges. About 48% of China's exports to the U.S. are already impacted by additional tariffs, with rates projected to exceed 60% for various sectors. ⚖️ As the landscape becomes increasingly hostile, Chinese companies may need to raise prices to cope with rising costs, which could stifle innovation and lead to a vicious cycle of competitive disadvantage. 🚀 The road ahead is fraught with challenges, but understanding these dynamics is crucial for navigating the global market landscape. Together, the industry must adapt and innovate to ensure sustainable growth and resilience amidst adversity. #ChemicalIndustry #GlobalTrade #AntiDumping #ChinaExports #Innovation #Sustainability #TradeChallenges #BusinessStrategy

India’s top trade partner: China regains spot on higher imports Countries globally are struggling to reduce dependency on #China due to its non transparent #trade practices. The government has taken a number of measures to start #manufacturing in India but Chinese #imports continue to be a pain point for the country.

📊 Trump’s 100% Tariff Threat: A New Challenge for India’s Trade Donald Trump’s return to power could ignite a trade war, with BRICS nations, including India, in the crosshairs. If 100% tariffs are imposed, key Indian sectors like IT, textiles, and pharmaceuticals may face severe setbacks. As global trade dynamics shift, India must navigate these challenges while seeking opportunities in supply chain diversification. Will India’s strong US trade ties withstand this storm? 🌍 #GlobalTrade #IndiaEconomy #USIndiaRelations #TrumpTariffs #BRICS #ExportChallenges #DeDollarization #EconomicImpact

Quick Takeaway-Measuring the Impact of Overseas Anti-dumping Investigations on China's Steel Exports In 2024, global trade remedy cases against China's steel industry surged, with 32 cases filed, compared to an average of fewer than three annually between 2021 and 2023. As of November 2024, 29 cases are still under investigation, two in the enforcement phase, and one concluded without measures. China's steel exports reached 101.34Mt between January and November 2024, with 39.04Mt (38.5%) sent to regions involved in trade remedy cases, a 21.69% year-on-year increase. Notable growth was seen in markets such as Vietnam, the EU, Brazil, India, and others, while exports to South Korea fell slightly by 2.54% year-on-year, though still strong following a 31.20% rise in 2023. Despite weak domestic demand, China's steel exports are expected to continue growing in 2024, driven by favorable export economics and strong global demand, with total exports projected at 110.94Mt. However, in 2025, anti-dumping measures and rising production capacity in Southeast Asia and India are expected to reduce exports by 14%, to approximately 95.41Mt. 👉 👉 For more details, please feel free to check our MIOA Weekly & Monthly Report and click the link below to start a free trail! 👍 👍 https://lnkd.in/gdPMzCV

𝐂𝐡𝐢𝐧𝐚'𝐬 𝐄𝐜𝐨𝐧𝐨𝐦𝐢𝐜 𝐒𝐭𝐫𝐮𝐠𝐠𝐥𝐞𝐬 𝐃𝐞𝐞𝐩𝐞𝐧: 𝐒𝐥𝐮𝐠𝐠𝐢𝐬𝐡 𝐆𝐫𝐨𝐰𝐭𝐡 𝐚𝐧𝐝 𝐈𝐧𝐝𝐢𝐚𝐧 𝐓𝐚𝐫𝐢𝐟𝐟𝐬 𝐀𝐝𝐝 𝐭𝐨 𝐭𝐡𝐞 𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞 ✨ China’s economy is experiencing a downturn, with the weakest performance in the last five quarters. The stock market is down nearly 7% this year, facing a potential fourth consecutive year of decline. ✨ The official manufacturing purchasing managers’ index (PMI) shows contraction for the third consecutive month in July. A private manufacturing PMI survey indicates contraction for the first time in nine months. ✨ Increased inventory levels at steel mills and weak production suggest low demand. India has imposed tariffs of 12%-30% on certain steel products from China and Vietnam to protect its local industry. Welded stainless steel pipes and tubes from China will be taxed for the next five years. ✨ Increased inventory levels at steel mills and weak production suggest low demand. India has imposed tariffs of 12%-30% on certain steel products from China and Vietnam to protect its local industry. Welded stainless steel pipes and tubes from China will be taxed for the next five year ✨ India extended an anti-subsidy duty on a Chinese chemical used in pesticides for five more years, with a duty of up to 11.94%. ✨ Relations between India and China have deteriorated since the 2020 military clash over the Himalayan border. India has tightened regulations on Chinese investments and halted major Chinese projects. ✨ Subrahmanyam Jaishankar stated that India is open to business from China but with conditions on sectors and terms. The Directorate General of Trade Remedies reported that current duties have helped Indian producers enter the market and expand capacity. ✨ The tariffs and duties are expected to further reduce China’s already sluggish demand. This situation poses additional challenges for Xi Jinping and indicates an uncertain future for China’s economy. Follow Us(Investeem India) for more financial updates. SAPTARSHI PANDEY #IndianEconomy #AntiDumpingDuty #IndoChina #EconomyAnalysis #Finance #EconomicDownturn #Recession #EconomicCycle

India levies anti-dumping duty on chemical imports from China, Korea & Thailand The decision follows a recommendation by the Directorate General of Trade Remedies (DGTR) under the Commerce Ministry, which found that Epichlorohydrin was being sold in India below standard prices from these countries. Read the full article on the link below- https://shorturl.at/tRCvE #news #import #trade #manufacturing #indianmanufacturing #smartmanufacturingandenterprises #manufacturingindustry

India is re-negotiating its free trade agreement with ASEAN to address a growing trade deficit and secure deeper tariff cuts on key exports like chemicals and gems. The review also seeks to tighten rules of origin to prevent trade misuse, with the process expected to conclude by 2025. Key negotiations are advancing by September, with further progress anticipated by November. Read more at https://lnkd.in/gHybvUAF #India #ASEAN #trade #IBT #IBTInsights

#Biden has recently increased #tariffs on chinese goods as #China was ready to flood the global markets with artificially low priced exports. Following are the new tariffs, Electric Vehicles - 100% Steel and Aluminium - 25% lithium ion battery - 25% critical minerals - 25% solar cells - 50% semiconductors - 50% port cranes - 25% medical syringes and needles - 25% Xi Jinping doubled down on his 'Made in China 2025' plan to dominate Chinese EVs across the globe. As a result, tariffs on EVs are the steepest. Over produced Chinese EVs are now expected to flood European, Russian and Indian markets. But, does hiking tariffs solve the problem of US EV makers as demand for EV is softening because cost of manufacturing is going to increase. Politically, this puts Trump on a tariff bidding war making the supply chain for US manufacturers worst. Such policy might help in keeping the sentiment intact for upcoming elections but will make US companies less competitive over the time and consumers will have to pay higher as costs rise. Welcome to the global green trade war! #globalmarkets #usa #china #tariffs #trumpvsbiden

Changing global trade dynamic: India to gain from Trump’s potential tariff hike on China The world market is on the edge of a massive dynamic change thanks to Donald Trump’s triumphant return to the White House. Trump administration has hinted that it plans to impose a 60% import tariff on Chinese goods while 20% for other countries. While this will strongly impact China's trade, it potentially opens a world of trade opportunities for India as US companies need to seek an alternative to China. India can enhance its trade relationship, particularly in sectors like textile, consumer electronics, automobile components, etc. However, if this increased tariff slows down global trade, the demand for Indian products will subsequently be reduced. Along with China, Trump has also increased tariffs for Mexico, with plans for a 100 to 200% tariff on cars manufactured in Mexico. This is an ideal chance for India to strengthen its business climate and position itself in the changing global supply chain landscape. Share your thoughts on this in the comments. Disclaimer: https://lnkd.in/gJJDnvn2 Source: Live Mint #AliceBlue #TradeWar #US #China #India #GlobalEconomy #Trump #USElection

🚨 Trump’s 100% BRICS Tariff Threats: What India Needs to Know 🚨 Donald Trump's recent 100% tariff threats on BRICS nations, including India, have sent ripples through the global trade landscape. The stakes are high, especially for India’s key sectors like pharmaceuticals, textiles, and IT, which heavily rely on exports to the U.S. 📉 If these tariffs go into effect, Indian goods could become significantly more expensive in U.S. markets, reducing their competitiveness. 🚢 But how should India respond? Can it balance its trade relationship with the U.S. while also exploring alternative markets? As tensions rise, India’s strategy must be one of caution, adaptability, and diversification to protect its economic interests. 🌍 👉 Read more on how India can navigate these threats and safeguard its position in the global trade network. #TrumpTariffs #IndiaTrade #GlobalEconomy #BRICS #USDominance #TradeRelations #IndiaExports #Pharmaceuticals #Textiles #ITServices