US-China relations have seen signs of a breakthrough, with the talks in early May leading to significant tariff reductions. Both sides have now reached a consensus that they should avoid “economic decoupling.” The US has lowered tariffs on Chinese imports from 145% to 30%, while China has lowered tariffs on US imports from 125% to 10%. However, a 90-day observation period has been set by both sides...
“When great powers collide, it is the people who suffer.” The escalating trade dispute between the US and China is beginning to significantly impact the real economies of both countries, with signs of slowing down or even stalling. In April, China’s CPI dropped by 0.1% YoY, while the PPI fell by 2.7% YoY. This indicates that China is not only grappling with shrinking exports but is also under substantial deflationary pressure...
1. Overview of Global Macroeconomic Conditions in 1Q25
2. Market Shares of Top 10 MLCC Suppliers in 1Q25
3. Production Capacity and Shipments of Top 10 MLCC Suppliers
4. BB Ratio
5. Inventory Levels of Top 10 MLCC Suppliers
6. Quarterly Shipments of Top 10 MLCC Suppliers
7. Supply-Demand Dynamics of MLCC Market in 2Q25
8. Price Trends of Different Categories of MLCCs in 3Q25
9. Annual MLCC Demand from Major Applications
10. Revenues of Top 10 MLCC Suppliers
Despite the Trump administration’s claims of progress in tariff negotiations with various countries, no clear results have been announced. The US-China relationship has drastically deteriorated due to these tariffs. However, on May 2, China’s Ministry of Commerce extended a gesture of goodwill by expressing willingness to evaluate related negotiations, which helped ease tensions between the two countries...
CapEx figures, production capacity figures, and inventory levels of MLCC suppliers are constantly being tracked and updated on a regular basis. TrendForce also provides analyses on the price trends and inventory statuses of production-related materials.
Despite not being directly impacted by the tariff war, MLCC suppliers continue to face significant challenges. Deteriorating economic conditions and international trade tensions have led to a decline in end-user demand and an increase in sales-related costs...
The US government recently announced the implementation of hefty reciprocal tariffs on multiple countries starting from April 9th. However, less than 24 hours after the policy took effect, President Trump suddenly announced a 90-day postponement of the implementation, maintaining only a 10% base tariff. Notably, tariffs on China were increased progressively to 145%, dramatically escalating the US-China trade dispute. Just as the grace period took effect...
On April 2nd, Eastern Standard Time, the US government officially announced that starting April 5th, it would impose a baseline tariff of 10% on goods imported into the US from around the world. Additionally, from April 3rd, a 25% tariff would be levied on imported automobiles...
Since President Trump took office, his administration has continually introduced various tariff and trade measures affecting a wide range of sectors, including raw materials, commodities, automotive products, and agricultural products. However, these policies are often unpredictable...
