Published :5/15/2019 5:51:12 AM
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According to the latest announcement issued by the
Customs Tariff Commission of the State Council,
on the May 9, 2019 , the US government announced
that the tariff rate for the $200 billion list of goods imported from China
will be increased from 10% to 25% on May 10, 2019.
According to the "People's Republic of China
Foreign Trade Law", "People's Republic of China Import and Export
Tariff Regulations" and other laws and regulations and the basic
principles of international law, approved by the Party Central Committee and
the State Council, the State Council Tariff Commission decided: from 0:00 on
June 1, 2019, For the part of the US$60 billion list of US goods that have been
imposed with tariffs, increase the tariff rate and impose a tariff of 25%, 20%
or 10% respectively. For tariff items that have previously been subject to a 5%
tariff, 5% tariffs will continue to be imposed.
The Customs Tariff Commission of the State Council
pointed out that China's adjustment of tariff-adding measures is a response to
US unilateralism and trade protectionism. The Chinese side hopes that the US
will return to the correct track of bilateral economic and trade consultations
and work together with China to move toward each other and strive to reach a
mutually beneficial and win-win agreement on the basis of mutual respect.
Last year, the Ministry of Commerce countered the
US tariff on China's goods. At that time, it also imposed a tax rate of 25%,
20%, 10%, and 5%, but the negotiations between China and the United States were
not implemented. The tense situation at that time brought a lot of influence to
the semiconductor industry, especially the tariffs involved: tantalum
capacitors, aluminum electrolytic capacitors, ceramic capacitors and other
products originating in the United States.
The semiconductor projects involved in the tariff
increase on US products have remained basically the same as last year. They are
also based on various types of resistors and capacitors, including some diodes,
inductors, relays, and semiconductor materials. The following is a selection of
semiconductor and electronic products for the 25% and 20% tariffs on the US and
Canada for reference.
In addition, according to the Nikkei News, the Trump
administration of the United States announced on May 13 local time a detailed
draft of the “fourth
round” of punitive tariffs on all imported goods from
China. The fourth round of taxation discussion is about all the remaining
imports from China, worth $325 billion, of which smartphones and laptops are
the heaviest products, and these two types of products may be subject to a 25%
increase tariff.
According to the US Trade Representative Office (USTR) document,
USTR will hold a public hearing on the list of the fourth round of tariffed
goods on June 17. It is expected that this batch of tariffs will be officially
started after the hearing. It should be noted that the products in the first
three batches of exemption lists published by the United States are not
included in the fourth round of tariffs.
As a result, the Trump administration of the United States continues to forcibly launch an attack. As for what measures China will take next, how the situation of Sino-US trade develop? It deserves the continued attention of every IC person