On April 2, 2025, Trump announced the details of a
new round of tariff adjustments, including "reciprocal tariffs" and
"tariffs on specific industries". Data shows that the United States
will implement reciprocal tariffs on China/EU/Brazil/UK/Switzerland/India/South
Korea/Japan/Indonesia/Thailand/Vietnam/Cambodia at rates of
34%/20%/10%/10%/31%/26%/25%/24%/32%/36%/46%/49% respectively.
In addition to the 34% tariff, China's construction
machinery export tariff to the United States has reached 79% (25%+20%+34%). It
is difficult to bear the direct export cost, but the major construction
machinery companies have little exposure to the United States. If the
sanctioned countries take countermeasures, it will benefit Chinese construction
machinery and aerial work brands, and will bring greater opportunities to
Chinese brands.
Shenxi Machinery Group Co., Ltd. exports to more
than 80 countries and regions around the world. We have a wide range of layout
in the European market, and our products have passed the EU CE certification,
ISO certification, SII certification, ANSI certification, as well as the
international welding process certification and international welder
certificate issued by TUV. High-altitude operation equipment, such as hanging
baskets, construction lifting platforms, construction elevators, cargo
elevators and unloading platforms, are used in high-rise buildings and
infrastructure projects in countries such as Germany and Russia; we have a high
market share in the Middle East, and our products have participated in the
construction of landmark buildings such as the Dubai Tower. In addition, Shenxi
has agents in countries such as the United Arab Emirates and Saudi Arabia,
further expanding the local market. We also occupy a certain market share in
South American countries such as Brazil and Argentina, Singapore, and Vietnam,
and have a high market recognition and competitiveness, especially in Europe,
the United States, the Middle East, and South America.
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