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China's Counterattack Against The United States May Curb The Impact Of Cheap Imported Paper On The Domestic Market
Aug 11, 2018

According to data from the general administration of customs, China's imports of corrugated paper, which are included in the list of tariffs on the United States, were nearly 600,000 tons in 2017, accounting for 82.5 percent of the total imports.The number of carton board paper imports in 2017 was around 1.26 million tons, accounting for 91.4% of the annual total.

Therefore, the increase of tariff will help curb the impact of low price wrapping paper on the domestic market, positive domestic packaging demand release.It involves nearly 600,000 tons of corrugated imports and 1.26 million tons of carton board paper imports in 2017

According to the list, the most important product on the 5% additional list is wood pulp, which includes 12 categories of products. The original import tariff of these products is basically 0.In addition, there are some wrapping paper, special paper and paper products.

In the additional 20% of the list of products, mainly household paper, special paper, some cultural paper and paper products.The tariff on these products used to be around 5%.The 25% addition includes newsprint, part culture paper, corrugated paper, cardboard and part paper products.The original tariff on these products was more like 5%-7.5%.

Therefore, specific in terms of corrugated paper and corrugated board paper, you can according to the new 25%, 20% and 5% tariff is divided into three types, according to the statistics: therefore, China to the United States imported corrugated paper and corrugated board paper tariffs, or will lead to future corrugated paper and corrugated board paper imports, thus help contain low wrapping paper on the impact of the domestic market.

Importers' profits will suffer, helping to curb the impact of cheap wrapping paper on the domestic market

It is well known that the quality of imported corrugated paper and cardboard paper is generally better than domestic paper.With the imposition of tariffs, the cost of corrugated paper and cardboard paper from the United States will increase accordingly, coupled with the recent continuous depreciation of the RMB, the cost of imported paper will increase.

And, at present domestic corrugated and cardboard market demand is general, cost downward transfer is difficult, the importer will suffer from compression.

It is worth mentioning that the basic principle of different tariff rates imposed by China on the us this time is that the tariff rate is relatively low for products with a larger impact on production and life and a smaller alternative.Most of the items on the list of items that are subject to tariffs of 20% or 25% on the us are substitutes that are more flexible and the us is more dependent on the Chinese market.

Therefore, with the reduction of imports of corrugated paper, cardboard, will benefit domestic high-end product demand release.Especially for scale paper enterprises, with relatively sufficient supply of raw materials and advanced production equipment and technology, they will have a better market share and help to increase the concentration of the industry.

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