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Cross-border week
2018-03-26 View: 2819
Trump Announces $50 Billion Penalty Tariff on Chinese Products
March 23 news, just now, President Trump of the United States announced that it will impose a 50 billion U.S. dollar protection tariff on Chinese products.
At present, the United States has listed more than 1,000 tariff target product lists, but there is still a period of appeal before the new tariff policy takes effect.
In addition, Trump also ordered the US Treasury Department to increase investment restrictions on China. The United States will also try to file complaints to the World Trade Organization about unfair licensing terms.
According to Yibang Power Network, the proposed 50 billion U.S. dollar tax policy is based on Trump's investigation in August last year. In August last year, the U.S. government launched an investigation into the 301 clause of China's science and technology. However, according to the provisions of the relevant US laws, after the conclusion of the 301 investigation, the United States should consult with China on the investigation results. However, at present, the United States has not announced the progress of the 301 investigation.
Domineering! China intends to impose tariffs on these U.S. imports
On March 23, US President Trump announced today that it will impose a $50 billion protection tariff on Chinese products.
On the 23rd, the Ministry of Commerce issued a list of discontinuation concessions for U.S. imports of steel and aluminum products 232 measures and solicited public opinions, intending to impose tariffs on some products imported from U.S. to balance the importation of steel and aluminum products from the United States. The loss caused by tariffs to Chinese interests.
It is reported that the first part has a total of 120 taxes involving US$977 million in US exports to China, including fresh fruit, dried fruit and nut products, wine, modified ethanol, American ginseng, and seamless steel pipes, and is expected to impose a 15% tariff. . The second part covers a total of eight taxes involving US$1.992 billion of US exports to China, including pork and products, recycled aluminum, etc., and a 25% tariff is proposed.
Trump wants to fight trade war? Can't move the position of Chinese products
March 23 news, just now, President Trump of the United States announced that it will impose a 50 billion U.S. dollar protection tariff on Chinese products.
At present, the United States has listed more than 1,000 tariff target product lists, but there is still a period of appeal before the new tariff policy takes effect.
In addition, Trump also ordered the US Treasury Department to increase investment restrictions on China. The United States will also try to file complaints to the World Trade Organization about unfair licensing terms.
According to Yibang Power Network, the proposed 50 billion U.S. dollar tax policy is based on Trump's investigation in August last year. In August last year, the U.S. government launched an investigation into the 301 clause of China's science and technology. However, according to the provisions of the relevant US laws, after the conclusion of the 301 investigation, the United States should consult with China on the investigation results. However, at present, the United States has not announced the progress of the 301 investigation.
Domineering! China intends to impose tariffs on these U.S. imports
On March 23, US President Trump announced today that it will impose a $50 billion protection tariff on Chinese products.
On the 23rd, the Ministry of Commerce issued a list of discontinuation concessions for U.S. imports of steel and aluminum products 232 measures and solicited public opinions, intending to impose tariffs on some products imported from U.S. to balance the importation of steel and aluminum products from the United States. The loss caused by tariffs to Chinese interests.
It is reported that the first part has a total of 120 taxes involving US$977 million in US exports to China, including fresh fruit, dried fruit and nut products, wine, modified ethanol, American ginseng, and seamless steel pipes, and is expected to impose a 15% tariff. . The second part covers a total of eight taxes involving US$1.992 billion of US exports to China, including pork and products, recycled aluminum, etc., and a 25% tariff is proposed.
Trump wants to fight trade war? Can't move the position of Chinese products