General

What industry has been most affected by the Sino US trade war? What industries are affected by the Sino US trade war

What industry has been most affected by the Sino US trade war? The steel industry bears the brunt, followed by chemical and other metal products; According to the sensitivity ranking of exports to the United States, it will be electronic equipment>mechanical equipment>clothing manufacturing>metal products. It has an impact on some export-oriented enterprises. Enterprises in electronic communication, electrical machinery, wood processing, chemical products and other industries are relatively affected. It may bring about problems such as increased costs and decreased orders, and enterprises are facing the challenges of reducing production and closing down, adjusting and restructuring.

What industry has been most affected by the Sino US trade war? In terms of the impact of industries affected by Sino US trade, there are two dimensions: sensitivity to US exports and the degree of impact from trade protection. According to the calculation of China Merchants Securities, the ranking of the negative impact of trade protection on the Chinese industry is as follows: steel>chemical>other metal products>paper products, rubber products, wood products>agricultural products>mechanical and electrical products, textile and clothing. The sensitivity of various industries in China to US exports is ranked as follows: electronic equipment>mechanical equipment>clothing manufacturing>metal products>furniture>chemicals>plastic rubber products>food. Based on its proportion in exports, if the United States initiates a comprehensive rather than industry-specific trade war, sensitive industries will be more affected.