[Reuters on the 31st]-The US Trump administration launched the fourth sanctions tariff on China from September 1. The additional tariff on imports from China worth approximately $ 300 billion will be 15%, and some will be postponed on December 15. When the measure is fully implemented, all imports from China will be subject to sanctions duties.
The main schedule for US sanctions tariffs against China and China's retaliation tariffs is as follows.
◎ September 1 = US activates first half of sanctions duty "4th"
US Customs and Border Protection (CPB) has launched additional tariffs on imported goods from China from 01:00 AM Eastern Time (1: 1 PM Japan Time). According to the guidelines published on August 30, there is no grace period for cargo leaving China prior to its trigger time. A grace period was applied when import duties on China were raised in May.
According to a Reuters analysis based on data from the US Department of Commerce Census Bureau, the taxable income from September 1st is about $ 125 billion, mostly consumer goods. Includes flat panel televisions, flash memory, cotton sweaters, bed sheets and pillowcases, printer multifunction devices, and shoes.
The largest category of products covered was tax-exempt products under the previous sanctions, such as smart watches, smart speakers, Bluetooth headphones, and other Internet-connected devices. According to the National Consumer Electronics Association, the annual import of such products from China is estimated at $ 17.9 billion.
◎ October 1 = US raises the tax rate of sanctions duty "1-3" by 5%
The Trump administration has proposed to raise the 25% additional tariff on imported goods from China worth $ 250 billion to 30% on October 1, and solicited comments until 20 September. Accept.
$ 50 billion worth of non-consumer goods such as machinery, electronic parts such as semiconductors and printed circuit boards, and chemical products. The remaining $ 200 billion worth includes furniture and vacuum cleaners, lighting equipment, sanitary equipment, handbags, bags, vinyl flooring, and other consumer goods and building materials.
◎ December 15 = US activates second half of sanctions duty "4th"
The latter half of the taxation is focused on consumer high-tech products, including mobile phones (imports from China last year were $ 43 billion), laptop and tablet computers ($ 37 billion), and toys ($ 12 billion). It is.
Mr. Trump postponed the launch of additional tariffs on these products in December in order to avoid the impact on the Christmas sales season.
According to data from the Census Bureau, the last half of the 4th round is about 156 billion dollars imported from China last year. In addition, a wide range of consumer goods such as plastic tableware, socks, LED lighting, Christmas decorations, and clothing are included.
◎ Chinese retaliation duties
Mr. Trump announced the fourth sanctions duty at the beginning of August and announced a policy to impose sanctions on virtually all imports from China. Announced to introduce 5-10% additional tariffs for $ 75 billion.
China's retaliatory tariffs were also implemented in two stages, September 1 and December 15. In the first half, US crude oil will be included in retaliation for the first time, and a 5% tariff will be introduced. US soybeans will be taxed from 25% to 30%. The tariff for beef and pork is also increased by 10%.
The Chinese government reviews the suspension measures with 25% and 5% additional tariffs on US cars and auto parts. China suspended the taxation last December following the progress of negotiations with the United States.
China already imposes an additional tariff of 5% to 25% on imports from the US worth approximately $ 110 billion. The target is soybean, beef, pork, seafood, vegetables, liquefied natural gas, whiskey, ethanol, etc. Based on the import value in 2018, only US $ 10 billion is excluded from the scope of US products, and the largest category is Boeing <BA.N> heavy commercial aircraft.
◎ Exemption from US sanctions on China
The Trump administration is the fourth sanctions duty introduced on September 1st and December 15th, excluding some household furniture such as cribs and other infant products, and the Bible.
Of these exclusions, Internet modems and routers are already subject to an additional 25% tariff. Safety considerations and religious reasons were taken into consideration, but prayer beads and religious medals are subject to an additional tariff of 15% from September 1.
