If the U.S. tariffs on China appear to be adjusted, the main directions that may benefit are: machinery and equipment (general-purpose equipment, special-purpose equipment, etc.), medical equipment (surgical instruments), home appliances (black home appliances), automobiles (complete vehicles and parts), electronics (optical optoelectronics, components, semiconductors, etc.), and power equipment (photovoltaic, etc.).
The U.S. tariffs on China, which began in 2018, are about to expire in four years, and inflation and midterm election factors may be an incentive for the U.S. to cancel some of the tariffs.2018-2021, U.S. imports of China in terms of value and share have declined significantly in commodities, mainly including textile and apparel, light manufacturing, electric power equipment, and machinery and equipment, and if tariffs are canceled then It is expected to be significantly repaired.
A-share level, from the announcement of the presumption that the business is clearly affected by the U.S. tariff increase of 130 listed companies, which the largest number of industries are electronics, automotive, machinery, chemical, light industry and so on.
The U.S. has imposed three rounds of tariffs on China
Since 2018, based on the "301 investigation", the U.S. has imposed three rounds of tariffs on China: the first round of tariffs imposed 25% tariffs on China's $50 billion worth of commodities in July-August 2018; the second round of tariffs imposed 25% tariffs on China's $20 billion worth of commodities in September imposed a 10 percent tariff on $200 billion worth of Chinese goods and raised the tariff in May 2019 from 10 percent to 25 percent.
The third round of tariffs imposed a 10 percent tariff in September 2019 on $1,200 worth of Chinese goods. As far as the list of goods subject to tariffs in the first round is concerned, it mainly includes industries such as electrical, machinery, automobile, aviation, base metals and their products, which are aimed directly at Chinese manufacturing.