At present, the global trend of LED lighting is growing rapidly. At the closing ceremony of the 2016 High-Tech LED Annual Meeting, which was named after Mulinsen’s “The Future of LEDâ€, Randy Reid gave the guests a keynote speech on “Trump†US manufacturing return to “resurrection of American lighting companiesâ€. .
Randy Reid
Nowadays, DLC certification has become more and more influential to the United States. Americans don't like it. I like it very much. Because I do business, everyone wants to use DLC to find me through testing, but many people don't like it because It limits the development of the industry.
I think the biggest difference between China and the United States is that in the United States, it will increase prices. In China, LEDs have been cutting prices and have not raised prices.
Regarding how the new US President Trump dealt with tariffs, Trump did not know that it might be 15%, maybe 35%, or maybe 50%. I believe everyone knows that the authority of the US president is limited, and he must obtain approval from the US Congress no matter what he wants to do.
There are many things that Trump has to do on the stage. For example, Syrian relations, North Korean relations, Israeli relations, Cuban relations, etc. Does he still have time to pay attention to lighting?
If he really implements tariffs, I think it is most likely to add imported components or kits to the US and make a few labels "Made in the USA."
Although it may create a little worker position in the United States, it is more important that the time to market will be extended. If it is made in China, it does not have to go through long shipping time or air transportation, which shortens the time to market, which is beneficial to the US market.
The United States originally liked to raise prices. If tariffs are implemented, there will be more reasons for price increases in the US lighting industry.
If tariffs are implemented, Chinese lighting companies may lose some manufacturing jobs, which will increase some price pressures, but the competition in the US market will not be so intense.
In fact, whether you like Obama or not, his policy is to reduce personal taxes, reduce corporate taxation, and bring back large US dollar deposits from large US companies back to the US, including depreciation plans, which will adopt a small government policy. Enterprises and society have greater autonomy.
What will happen to LED growth in the US? I think LED growth will reach 15% in the US in 2018, which is a very fast growth.
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