[ad_1]
Concerns about major export industries such as cars, steel, semiconductors, etc.
Not only duty rates but also exchange rate effects directly affect the profitability of exports
Analysis of the unacceptable battles surrounding the supremacy of the high-tech industry
 |
[Séoul = NewSise] Kim Jong Min Park Journalist Joo-yeon Kim Dong-hyun = While the trade dispute between the United States and China s & Is intensifying, the concerns of our industry are increasing.
The US government announced that it would review tariffs of 818 Chinese products worth 34 billion US dollars (25 billion US dollars) and 284 items of 16 billion US dollars. . China also reacted to the same level of retaliation if the measures were taken and predicted the start of the G2 trade war.
Korea's exports are highly dependent on China and there are many exports of capital and intermediate goods. Although the United States is the final destination of Korea's middle-clbad exports, it accounts for only 5%, but in the case of a complex industrial process, it is difficult to identify goods. final consumption.
This, in turn, has a negative impact on domestic demand.
In particular, the trade dispute between the United States and China is the result of the export of automobiles with a high proportion of exports to the United States. , The steel industry as well as semiconductors, the overall impact on the industry is great.
According to the Korean International Trade Association (KITA), Korea exported last year for $ 15.7 billion of auto parts and $ 4 billion of auto parts exports , Topped the list.
An industry representative said: "The United States and China, which are the first and second largest automotive markets in the world, and China" There is growing uncertainty in the market " , he said, adding that if a 25% tariff is imposed on Korean cars in the United States, exporting is virtually impossible. "Although all automakers will be affected, the factory Kia Motors, which is slated to produce the Soulfull model of change in the second half of this year, will be hard hit by this company, "added the manager Soul is a particularly popular car in the United States, although sales Domestic workers are slow.
Another official said: "The Chinese market, which has been hit by local car manufacturers because of the consequences of Sadd, is rising again recently, but we do not know what will happen in the future. 39; future. "We do not have the benefit of lowering tariffs because we produce locally, and competitors should reduce competitive pressures," he said.
◇ Clogged steel industry, exchange rate & quot; touch & quot;
An industry representative said: "The last time the tariffs are exempt, but the quota limit is imminent, and the volume of entry to the United States is blocked, and we do not can not enter China. "It is also a concern because the US steel supply is stalled and competition intensifies in other countries," he declared.
It is a raw material import position: while the whole world conducts trade protection through the US trade dispute, the fluctuation of the exchange rate does not can worry about the exchange rate.In the case of the steel industry, a 10% increase in the value of the KRW causes a deterioration in the competitiveness of exports due to an increase of 1 , 9% of the price of export items.
This question should not be addressed by companies individual, but it is necessary to take action at the level of the steel badociation.
◇ Exports support the semiconductor industry increases uncertainty
The United States intends to protect the domestic industry by preventing the development of the industries of high technology in the Chinese government, is dominant. In the end, the trade war between the United States and China is an unacceptable competition for the "supremacy of the high-tech industry." Song Myeong-sup, a researcher at Hai Investment & Securities, said: "At the heart of the US-China trade war, the Chinese government's policy of favoring high-tech industries such as semiconductors and the recognition of high-tech industries. a wide range of intellectual property rights. China's national interests are at stake, so it will be difficult to solve them easily in a short period of time. "
In addition to tariff issues, the semiconductor patent war is also a master of war.
According to the Wall Street Journal (WSJ), the Fujian Province Intermediate People's Court has stated that DRAM and NAND products temporarily banned sales in China.The trade dispute between the United States and China is deepening as the largest memory semiconductor company in the United States.
In the short term, uncertainties are increasing as the US and China are expected to compete with each other, but they will have a negative impact on Korean companies in the long term. China is in the midst of a survey conducted by Samsung Electronics and SK Hynix on issues such as pricing.
 |
An industry representative said, "Our companies are also im plicated in the confrontation between the United States and China in high-tech fields such as semiconductors. "Our company is not in the best interest of US trade disputes. "We have been affected by the negative impacts that may have on the future rather than on expectations."
◇ Experts say "The possibility of protracted conflicts … should establish macroscopic and long-term measures"
Trade experts ordered the preparation of preparations while paying attention to the wave of trade disputes between United States and China.
At the Korea Trade Association seminar on the 4th, the director of industrial research department of the Cho-Chul Industry Research Institute said: "Our export dependence is strong and exports of Equipment goods and intermediate goods are important. "We should push for a reorganization of the global value chain by broadening the base of demand and strengthening links with Chinese companies, with a focus on on end-of-life products that are not affected by sanctions. "
" The mid-term US election will be an important turning point not only for the US-China trade dispute, but also for global trade policy. "China will try to avoid an extreme confrontation with the United States in the short term.
Park Chun-il, deputy director general of trade badociations, said:" Korea represents only 5% of the final destination of US exports to the public. "In the case of industries with complicated production processes, it may be difficult to confirm the end consumer and direct and indirect damage may increase." To prepare for the possibility of a prolonged trade conflict between the United States and China, we must improve our competitiveness. "
Han Jin-hyun, vice president of the Korea International Trade Association, stressed that" conflicts should not be easy to resolve in a short period of time, [email protected]
[email protected]
[email protected]
Source link
