May 31, 2019
(Yicai Global) May 31 — Various Chinese cities will implement the world’s toughest automobile emission standards from July 1.
Nearly 70 percent of auto dealers said they have difficulty selling vehicles made per the former emission standard, sector statistics show.
China’s central government plans to institute the Sixth Stage National Vehicle Emission Standard, the world’s toughest, starting next July 1, but Beijing, Shenzhen, Guangzhou and Shanghai have all unveiled their respective policy documents to jump the gun and start from this July 1. Over 20 provinces and cities have also announced their plans for advance implementation of the new standard.
This has set the thumbscrews on dealers, 66 percent of whom in places where local governments will fast-track the new standard will be unable to clear all inventory manufactured under the formernorm by July 1, they said in a sample survey conducted by China Auto Dealers Chamber of Commerce, and 60 percent estimated around 100 vehicles will be left on their lots.
Many carmakers not only reduced prices to promote sales, but also forced vulnerable dealers to buy these vehicles to clear inventory, the survey also found. Some manufacturers also tried to offload these vehicles onto their employees at a discount.
Some carmakers are still enforcing sales targets for old models, said 44 percent of dealers surveyed in affected areas, while 86 percent said automakers have not agreed to take back unsold stock after July 1 or move unsold vehicles to areas as-yet unburdened by the new rules.
Heedless early activation of the new norms will impact the auto sales market, though it represents the general trend, Luo Lei, deputy secretary general at Beijing-based China Automobile Dealers Association, told Yicai Global. Most carmakers are also not yet ready, and prospective car buyers are waiting on the sidelines, Luo added.
Areas that jump-start the new standard should offer local dealers a transition period of at least three months sell off back stock, CADA suggested. Local governments should also mandate that carmakers buy back unsold products after transitional periods lapse.
Editors: Tang Shihua, Ben Armour
https://www.yicaiglobal.com/news/china-car-dealers-on-hot-seat-as-tougher-emissions-rules-kick-in-early
May 29, 2019
ISPA says bedding units down 3.4% in first quarter
ALEXANDRIA, Va. — Bedding units were down 3.4% for the total bedding market in the first quarter, while the dollar value of bedding shipments was down 0.3, an International Sleep Products Assn. report said.
Read more here: https://www.furnituretoday.com/bedding-manufacturers/ispa-says-bedding-units-down-3-4-in-first-quarter/
May 29, 2019
ISPA says bedding units down 3.4% in first quarter
ALEXANDRIA, Va. — Bedding units were down 3.4% for the total bedding market in the first quarter, while the dollar value of bedding shipments was down 0.3, an International Sleep Products Assn. report said.
Read more here: https://www.furnituretoday.com/bedding-manufacturers/ispa-says-bedding-units-down-3-4-in-first-quarter/
May 28, 2019
Butzel first reported the Trump Administration’s decision to increase existing tariffs on $200 Billion worth of Chinese imports in our Client Alert of May 6th. The alert explains that tariffs on products covered by List 3 of the Section 301 tariffs were to increase from 10 to 25%. This increase took effect on May 10th. The Trump Administration has now issued a request for comments on a new list of proposed tariffs which is scheduled to appear in the May 15th Federal Register. This proposed List 4 identifies possible tariffs on an additional $300 Billion worth of Chinese products imported into the US.
The list is not focused on traditional auto parts, as most imported auto parts from China are already covered by Lists 1 – 3 of the Section 301 tariffs. Instead, the new list covers nearly all remaining Chinese imports. The request for comments lays out a process for comments and objections to the proposed tariffs, sets a hearing date for June 17th, and a deadline to request to testify as June 10th. Written comments can be submitted until June 24th.
This proposed List 4 is apparently a response to China’s recent announcement that it plans to raise tariffs on U.S. importers. China’s retaliatory tariffs will be imposed at the following levels:
The proposed List 4 of Section 301 tariffs escalates the trade war with China – a ‘war’ the Trump Administration believes it can win. Butzel Long has worked with clients to submit comments and exclusion requests for Section 301 and 232 tariffs. We are able to assist any clients that have questions regarding these updates or who wish to file comments (or to testify) about the proposed List 4 of the Section 301 tariffs.
https://www.butzel.com/resources-alerts-4th-Tranche-Tariffs-Comments-Request.html
May 28, 2019
Butzel first reported the Trump Administration’s decision to increase existing tariffs on $200 Billion worth of Chinese imports in our Client Alert of May 6th. The alert explains that tariffs on products covered by List 3 of the Section 301 tariffs were to increase from 10 to 25%. This increase took effect on May 10th. The Trump Administration has now issued a request for comments on a new list of proposed tariffs which is scheduled to appear in the May 15th Federal Register. This proposed List 4 identifies possible tariffs on an additional $300 Billion worth of Chinese products imported into the US.
The list is not focused on traditional auto parts, as most imported auto parts from China are already covered by Lists 1 – 3 of the Section 301 tariffs. Instead, the new list covers nearly all remaining Chinese imports. The request for comments lays out a process for comments and objections to the proposed tariffs, sets a hearing date for June 17th, and a deadline to request to testify as June 10th. Written comments can be submitted until June 24th.
This proposed List 4 is apparently a response to China’s recent announcement that it plans to raise tariffs on U.S. importers. China’s retaliatory tariffs will be imposed at the following levels:
The proposed List 4 of Section 301 tariffs escalates the trade war with China – a ‘war’ the Trump Administration believes it can win. Butzel Long has worked with clients to submit comments and exclusion requests for Section 301 and 232 tariffs. We are able to assist any clients that have questions regarding these updates or who wish to file comments (or to testify) about the proposed List 4 of the Section 301 tariffs.
https://www.butzel.com/resources-alerts-4th-Tranche-Tariffs-Comments-Request.html
Everchem Updates Archive 
Sign Up for Email Updates