The latest word spread that the added tariff may be further lifted, when first-phase Sino-US agreement is reached.
According to People’s Daily client-side, Ministry of Commerce spokesman Gao Feng remarked at the routine news conference on November 7, 2019 additional tariff is to be eliminated proportionally, a prerequisite of this agreement, if the first-phase Sino-US consensus is reached.
The trade war has become a farce to date as industry leaders were led by Trump by the nose to move about, now Vietnam, now Mexico.
What if the tariffs are lifted? Will these magnates shifting to Vietnam come back to China? What about the makers that turn to produce in Vietnam to satisfy the client?
Businesses exclusively targeting the US market have been inflicted much in this trade war, some almost ending in shutdown. As such, they learn a hard-earned lesson from Trump that all the eggs in one basket is the biggest risk.
Originally to be listed in Hong Kong on October 25th, JS Global withdrew its IPO filing for shortage of subscription amount. The amount dropped from USD 800 million most expected in early July to the level of USD 500 to USD 600 and shrunk to the range of USD 355 million to USD 464 million at last.
In terms of small home appliances, JS Global ranked the third in China, second in the US and sixth in the globe after consolidating Joyoung and Shark. Likely affected by the Sino-US trade war and external environment, Hong Kong investors seem reluctant to buy its story.
I shot short videos and uploaded to douyin app these days. I have learned simple ropes and will insist updating on Douyin and Kuaishou apps for a year, one clip each day exclusive of weekends to see what will happen.
My account name on both apps is “游丹尼”. Welcome to double click and give a thumb up if any buddy happens to see my videos.
“Buddy, double click, 666”
