The United States To Impose Tariffs On The 9/1, The Content Of The Impact Of A Look.

The trump government of the United States has imposed tariffs on 300 billion US dollars in China's exports to the United States, and will start from the local time (2019) in September 1st. Along with (2018), tariffs on Chinese products have been added to US $250 billion, which has been hit by tariffs in all Chinese sales.

US President trump, as early as the 2016 election campaign, has been cutting down on China's trade measures. In 2018, the two countries imposed tariffs on each other to fight trade wars. Although the central authorities often stopped fighting, the cards were still difficult to break through the deadlock in the key areas such as intellectual property protection, market access and so on, and let the tariff war continue to heat up.

(1) what are the duties already imposed?

The United States has launched a tariff war since the summer of 2018. So far, the United States has imposed a tariff of 25% on the value of 250 billion US dollars in goods exported to China, ranging from railway equipment to handbags, covering a wide range of goods. Beijing responded to tariffs of 110 billion US dollars and 5% to 25% of China's products, including chemicals, coal mines and medical equipment, and products such as soybeans from Republican Party stores.

(three) newly upgraded tariff war content

Trump used to put pressure on Beijing in August 1st. In August 1st this year, it announced a 10% tariff on 300 billion dollars of Chinese goods that had not yet been struck by tariffs, and announced on the 13 th this year that it will take effect in September 1st and December 15th. Customs duties in September 1st included smart watches, Bluetooth headsets, flat-panel TVs, and a number of shoes. In December 15th, tariffs on goods including smart phones, pens, toys and clothing were added.

In August 23rd, Beijing announced that the United States would declare a 5% to 10% tariff on US goods valued at about $75 billion, effective in September 1st and December 15th, and resume 25% and 5% tariffs on cars and components originating in the United States from December 15th.

Beijing's counter-measures also brought Trump's counter-measures. On the same day, it also announced that from October 1st the anniversary of the founding of the Communist Party of China, the tariff rate of the original $250 billion of Chinese products was raised from 25% to 30%, while the September 1st and December 15th tariff rates on the 300 billion dollar Chinese commodity were also raised from 10% to 15%.

(four) the significance of the escalation of tariff war

McClatchy, a US media company, points out that the tariff war has risen to a new stage, at the expense of the majority of US tax cuts.

Experts said that the tariff imposed in September 1st and December 15th involved items such as clothes, toys, food, mobile phones and electric appliances, which were mostly purchased by consumers, which were totally different from previous customs wars, mainly involving mechanical parts or raw materials.

Experts predict that by the end of the year, an average of four families in the United States will spend more than 1467 dollars (about NT $45 thousand and 400) on Trump's tariff war this year. Equal to the 2017 tax cuts of the trump, the four families with annual income of 85 thousand dollars will have to spit up over a half of the 2250 dollars they saved last year.

The cost of direct consumer goods is rising because of the tariff war, forcing the retail industry to try to cope with it. NRF French, the senior vice president of the National Retail Association (NRF), said: "you may see that the product is packaged and the price remains unchanged, but the content has shrunk. "

(five) US China trade war, global GDP fear 0.5%

According to the analysis, China's economic growth will drop by 1.5 percentage points this year, once all the US products are subject to tariffs.

Darko Gregory Daco, a Oxford Economics economist at the Economic Research Institute, said that if all goods between the US and China were hit by tariffs, the global GDP would be reduced by 0.5% by the end of 2020. If upgraded to a comprehensive global trade war, it will lead to a global recession. "(Economics)