Germany may be the biggest beneficiary of China's

2022-09-19
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Foreign media said that from July 1, China announced that it would reduce the tariff on imported cars to 5% after the warranty period, and the United States, Germany, Japan and other countries would benefit from it. According to the financial times on May 22, the biggest beneficiary of the import tax cut on cars sold to China may be German manufacturers. Foreign media said that from July 1, China announced that it would reduce the tariff on imported cars to 15%, which would benefit the United States, Germany, Japan and other countries

according to Forbes biweekly website on May 22, the second largest automobile export market in the United States is China, the world's largest automobile market. Therefore, it is undoubtedly good news when China announced that it would reduce the tariff on imported cars to 15% from July 1

it is reported that this change is aimed at the world, which means that this concession will benefit Germany, Japan and other countries in addition to the United States. However, at least many Americans are looking at China's move through the prism of the current U.S. - China trade dispute

in the first quarter of this year, China accounted for 15% of U.S. auto exports, with an export volume of more than $2billion. Only Canada exports more than China

among the vehicles exported to China, most (52%) of the vehicles are transported out of Charleston port in South Carolina and Brunswick port in Georgia from two ports. These two ports account for about 26% of the total exports of the United States

this tells us two things: first, the cars that the United States is exporting to foreign countries are probably made in the south of the United States. Second, Chinese people like more high-end cars. For example, BMW is made in South Carolina, and Mercedes Benz is made in Alabama, which can lead directly to Brunswick

it is reported that among the American States exporting to China, South Carolina and Alabama rank second and third respectively, second only to California

in addition to higher end manufacturers in the South and their states, the ports of Charleston and Brunswick will also benefit

data shows that exports to China are very important for both ports. One quarter of Charleston's total exports come from cars, 25% of which are exported to China. In Brunswick, 88% of exports come from cars, of which 36% are sold to China

it can be said that people who work in ports, manufacturing plants in Alabama and South Carolina, local and state governments, and people who provide services for the automotive industry or automotive industry employees are very happy to hear this news

according to the Financial Times website on May 22, the biggest beneficiary of the import tax reduction on cars sold to China may be German manufacturers due to their large size and heavy burden

the data of junte business consulting company shows that in 2017, one third of the cars imported from China were made in Germany, which makes Germany rank ahead of the United States, and the United States accounts for 22% of China's automobile import testing machines. Japanese cars account for one fifth of China's imported cars, while Britain accounts for 9%

German premium automakers and others will undoubtedly become winners due to the decision announced today. Robin Zhu, an analyst at Bernstein research in Hong Kong, said

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