The first thousand two hundred and ninety-nine chapters win over differentiation
On Sunday morning, Li Guangyu and Cao Weiqing originally planned to spend time with their children at home today, but unfortunately the United States did not give him such an opportunity.
On Saturday morning, U.S. time, spokespersons from multiple U.S. departments held a joint press conference to conduct anti-dumping investigations on some foreign companies, adjust some import tariffs, and issue bans on some products.
The industries that are more involved this time are the Lee Foundation, Sumitomo Foundation, Mitsui Foundation, Hyundai Group, Samsung Group and other industries.
The Suzaku operating system of the Li Group was banned by the FBI for being suspected of collecting information on U.S. citizens, and U.S. citizens were asked to uninstall the software. Its office software was also banned for the same reason.
Import tariffs on mobile phones and computers owned by the Phoenix Group will increase again by 30 and 50% on the current basis.
Oriental Semiconductor Group has raised tariffs on its products by 30% and banned U.S. semiconductor companies from selling any technology and patents to it.
Bentley, the major luxury car brands, has been hit hard again. Jaguar, which ranks first in sales volume in the US luxury car market, will increase tariffs by 50% on the existing basis. Maserati, Lamborghini, Land Rover, and Lotus will each increase tariffs by 80%.
Thomson Home Appliances and Chunghwa Home Appliances, a subsidiary of Chunghwa Electric, have had their tariffs increased by 30% and 20% respectively.
The cosmetics products of Jiade Group have been subject to a 30% tariff increase, and the products of Western Australia Steel Group have been subject to a 50% tariff increase.
This time, in addition to retail companies, clothing companies, entertainment companies and toy companies that have a great impact on American people, Li Guangyu's main technology industries and manufacturing industries were wiped out in one sweep.
Not to mention the operating system and office software of the Suzaku Group, this basically means that it has lost the largest market in the United States.
Phoenix Group's products already have relatively high tariffs, but this time they have been raised again, basically announcing that Phoenix Group has withdrawn from the U.S. market.
At least until there are no breakthrough products, Phoenix Group's products cannot be sold in the United States. There are no people in the United States who say people are stupid and have too much money.
At the same time, in the already sluggish luxury car market, the United States has once again dealt a severe blow to the Bentley Group. Such high tariffs will make the Bentley luxury car brand no longer cost-effective in the US market.
Oriental Semiconductor has always relied on price to compete for the market. This time the United States has increased tariffs again. The cost of importing Oriental Semiconductor Group's products is much higher than the cost of products from companies within the U.S. market. Companies including Intel will obviously no longer purchase products from Oriental Semiconductor Group.
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The impact on home appliances, cosmetics, and steel companies has been relatively reduced. Currently, these companies have not opened up markets in the United States.
As for Jiade's daily chemical products, they are not included in the list of U.S. tariff increases this time.
This time it’s not just the Lee Consortium that’s in trouble. Japan’s Mitsui Consortium, Sumitomo Consortium, etc. are not doing much better either. Their major companies are also being specifically targeted.
However, what is strange this time is that the products of Japan's three major consortiums, Mitsubishi, Fuji, and Sanwa, have not been specifically targeted, and some previously targeted companies have also been cancelled, such as Mitsubishi Motors, Nissan Motor, Hitachi, etc.
The same is true in South Korea. Hyundai and Samsung are the targets of key suppression, but groups such as Lotte, Hanjin, LG, and Daewoo have not imposed any restrictions or specifically targeted them.
On the way to the Wheelock Building, Cao Weiqing said: "Guangyu, this action of the United States is probably to split the Japanese consortium and the Korean consortium. Mitsui and Mitsubishi are not in harmony with each other. Mitsui has always been with Sumitomo,
The first one encouraged the industry to make good friends, and Mitsubishi made good friends with Fuji and Sanwa.
The battles between the major families in South Korea are also not small. The competition between Hyundai and Daewoo, Hanjin and other groups is also not small. Samsung's competitors are also not small. This time, the United States seems to be preparing to divide and win over, and focus on attacking us."
Li Guangyu had nothing to do with this approach of the American consortium. It is estimated that their Asian capital's joint counterattack this time was too harsh, which made the American consortium somewhat unable to sit still. They did not want such a united Asian capital to exist, so they chose to fight a group of pullers this time.
A group of people will let Asian capital fall into civil strife, so that it will be much easier for them to deal with one force.
However, Li Guangyu never thought that the Li Group (including the Xiangjiang Group and the Hsinchu Group) could continue to live in harmony with the Korean Group and the Japanese Group.
Regardless of whether it is based on historical or practical interests, these three companies cannot continue to cooperate for a long time. They can still cooperate when facing a common enemy. Once this enemy retreats, the competition among the three parties will not be small at all.
For example, the home appliances, semiconductor, and electronic industries owned by the three companies, the automobile industry of the three companies, and the retail industry of the three companies are all industries in which the three parties need to compete.
Moreover, all three parties are based on the Asian market, which results in the three parties being more competitors than collaborators.
The current situation in Asia is that the Japanese consortium is the strongest, the Lee Consortium is second, the Korean consortium is third, the Indian consortium (led by the Tata Group) is fourth, the Singaporean consortium is fifth, and the Malaysian Chinese consortium is ranked third.
Sixth, there are some families in other areas, but they are not on the same level as these.
Several major Korean families are themselves small consortiums. In addition, South Korea's economy has grown rapidly in recent years, so Hyundai Consortium and Samsung Consortium are quite strong. Some medium-sized consortiums in the United States are not necessarily as strong as them.
Li Guangyu responded: "Don't think too much, it will come when it is supposed to happen. You have to remember that our only allies are the Hong Kong Bank Consortium and the Hsinchu Commercial Bank Consortium. These two companies have a community of interests with us, no matter what
Whether it is the Japanese and Korean consortium, the Singaporean consortium and the Malaysian Chinese consortium, these are only short-term collaborators. It is impossible for us to cooperate with them forever. This is determined by the development of all parties."
The Hong Kong Bank Consortium and the Hsinchu Commercial Bank Consortium, major families hold shares in each other, and all parties have shares in many companies. In recent years, the interests of all parties have become closer and closer, and several parties have long been tied together.
Both of them are harmed. These two families are solid allies of the Li Group.
There are too many similar companies from all parties. If they want to become bigger and stronger, they must compete with each other for the market. In addition, all parties belong to Asia, and their interests determine that they cannot become long-term allies.
Cao Weiqing actually understands the situation here, but now the Li Group is being suppressed by the American group and the government. If there are rivals in Asia, the pressure on the Li Group will be too great.
She really didn't want to see Li Guangyu silently bear such huge pressure. Faced with the current situation, the core members of the Li Group, including the Xiangjiang and Hsinchu Groups, all looked at Li Guangyu. They were not yet capable of facing such a heavy burden.
Moreover, due to the nature of the industry, only Yulon Group and Datong Group were targeted by the United States, while other groups were unscathed.
This may be the responsibility of being the head and neck of a power. Since you sit in this position, you must be able to bear such heavy pressure.
Now the other two major consortiums have just begun to develop comprehensively across multiple industries, and their competitiveness is not very strong, so it will take time.
The Hong Kong Bank Consortium is mainly engaged in finance and real estate, while the Hsinchu Bank Consortium is better, covering retail, real estate, automobiles, home appliances, financial electronics, semiconductors, etc.
However, there are many examples but not strong ones, and the only ones that have developed well are the main business groups of several big families and Hsinchu Bank.