Eight hundred and eighty-fifth chapter Japan-US trade
When Li Guangyu and Cao Weiqing arrived at the banquet hall, Li Ka-shing and others were already communicating enthusiastically with other guests who arrived in Xiangjiang.
At present, whether it is Cheung Kong Group, Shau Kee Group, or even other real estate groups in Japan and Taiwan, there are projects under development. Even in Malaysia and Singapore, there are Chinatowns under construction, and all parties are familiar with each other.
After Li Guangyu arrived, all the participants today arrived.
Gu Zhengsheng, president of Xingyuan Group, delivered a congratulatory speech at the reception, and Li Guangyu also delivered a speech.
Li Guangyu said: "I am very honored to reach this cooperation agreement with you. Over the past few years, our Li's Industry has maintained a friendly cooperative relationship with you. This joint venture development of the Marandu Iron Mine will further strengthen our relationship.
, we have always been committed to cooperating with everyone for mutual benefit and win-win results. We have common interests, and the Marandu Iron Mine is a combination of our interests. I wish our Marandu Iron Ore Development Company will have better and better prospects."
This reception was not only a celebration reception for the establishment of the Marandu Iron Ore Development Company, but also a platform for exchanges between all parties.
After the cocktail party officially started, the ladies chatted among themselves, and these shareholders communicated with each other.
On Li Guangyu's side, Sumitomo Qiying and Mitsui Nagao were communicating about the current situation in North America.
Currently, among the major consortiums in Japan and the United States, the Japanese consortium headed by the Mitsui Consortium is engaged in overt and covert battles with American consortiums in many fields in North America. Since the 1960s, trade frictions between Japan and the United States have not stopped.
From textiles at the beginning, to the steel industry later, and now to automobiles and electronic products, the United States not only increased tariffs on the Bentley Group, but also Japanese groups, and also restricted the number of Japanese automobile imports.
Japanese automobile groups headed by Toyota, Honda, and Nissan have to establish production companies in the United States to break through U.S. import restrictions for the U.S. automobile market.
There are many group products owned by Japan's major consortiums that have been specifically targeted by the United States, either by increasing tariffs or imposing strict quantitative import restrictions. At the same time, the U.S. government subsidizes its own domestic companies, leaving many Japanese industries and groups without a level playing field.
.
Nowadays, Japan's major consortiums are under great pressure. Due to historical and practical reasons, their government finally had to give in again and again in the face of pressure from the US government, which restricted them from fully competing with American consortiums and groups.
Sumitomo Qiying came here in person this time, hoping to deepen his ties with the Li Group and these Chinese families, hoping to join forces with them to fight against the American Group.
Although some of their industries also compete with the Lee Consortium, but now that they are facing a powerful enemy, they first have to deal with the pressure from the American consortium, and the small amount of interest battles with the Lee Consortium will not affect their mutual cooperation.
Moreover, they have never considered the Li Consortium and the Xiangjiang Consortium to be their opponents. Although the Li Consortium is currently developing rapidly, it is still far different from them. As long as the competitors can overwhelm the American consortium this time, Li
The syndicate is just a small problem.
As long as their major consortiums are willing, they can easily solve it. In their opinion, the Xiangjiang Consortium is even more scattered. Without the presence of Li's consortium, the Xiangjiang Consortium will no longer exist.
Whether it is the American consortium or the major Japanese consortiums, they are supported by strong national power, and the Li Consortium and the Xiangjiang Consortium are like floating roots. Who can they rely on? The nature of the consortium will make the situation they face in the future very difficult.
difficult.
Without the support of a solid market and huge national power, the Lee Consortium will only be a target for all parties. It is much easier to deal with the Lee Consortium than those in South Korea, even if the strength of some consortiums in South Korea is far inferior to that of the Lee Consortium.
Compared with the financial group.
Therefore, the Mitsui Foundation and the Sumitomo Foundation are not only not worried about the current development momentum, but they are happy to see the results. They hope that the rise of the Lee Foundation can create some trouble for the American consortium.
The Lee Group has indeed created a lot of difficulties for some American companies and consortiums. In the field of American luxury cars, the cutting-edge is occupied by the Bentley Group, and the mid- to low-end is occupied by several major Japanese groups. Lincoln and Cadillac in the United States are among the top luxury brands in the United States.
The brand car market share is declining year by year.
In the game industry, Xingyu Game Group and several major Japanese game groups suppressed Atari Game Company in the United States to the brink of bankruptcy.
In terms of retail supermarkets, Hengyu Supermarket Group has cut off Wal-Mart's expansion into Asia, and in apparel, the competition between Feiyu Group and the American Nike has also become fierce.
In terms of mobile phones, Phoenix Group is competing with Motorola for the market in various regions around the world.
Although these are not currently the core industries of those consortiums in the United States, the Li Consortium has not yet posed much of a threat to them.
However, with the development of time, the Lee Group's enterprises continued to grow, and Sumitomo Kirei believed that the Lee Group and the American Group could not coexist peacefully, and that an economic war between the two sides would be inevitable in the future.
The Lee Consortium will be like them in the future. For the sustainable development of the industry, whether actively or passively, it must compete with the American consortium, unless the Lee Consortium does not want to continue to develop.
They and the Lee Consortium are natural allies. As long as the American consortium does not fall, they will have a common enemy. If they do not cross the threshold of the American consortium, it will be useless no matter how hard they fight against each other.
Moreover, senior executives of several major Japanese consortiums also know that Li Guangyu has always regarded the United States as a rival. Otherwise, the Li Consortium would not have been slow to enter the US market in a large scale. Instead, it has continued to consolidate the current markets in Greater China and Southeast Asia, and continued to explore Western Europe.
and Australian market.
They knew that the Lee Consortium did not want to get involved in their fight for the time being to avoid affecting the development of the Lee Consortium. Therefore, even if the United States increased tariffs on the Bentley Group, the Lee Consortium did not react much, nor did it make any changes in the United States.
Establish a production base internally.
The Lee Consortium owns Star Sports Group in the United States, and every club is the defending champion or contender for the league championship.
Only with their publicity for the Bentley Group can Jaguar and Bentley maintain their market share in the United States. Otherwise, the Bentley Group would have been out of the competition long ago.
This time Sumitomo Qiying came in person, hoping to achieve more cooperation with Li Guangyu in the North American market, and the two companies would join forces to cope with the competition with the American consortium.
Now the United States is brewing a new round of targeting them. In recent years, they have had a huge trade deficit with the United States, which is why the United States has restricted them in many industries.
The profit that the Lee Group currently earns in the U.S. market is only a drop in the bucket of their trade deficit. This is why the U.S. Group does not specifically target the Lee Group for the time being. The Bentley Group will impose additional tariffs, and more will be affected.
fish pond.
The trade friction has caused considerable damage to several major Japanese consortiums. This makes it difficult for them to realize their ambition to occupy the US market, and has also dealt a head-on blow to the development momentum of their companies. I don’t know which industry the US will be in this time.
To target them, they can only hope to win over more allies to withstand a new round of attacks from the American consortium.