How much the taxes imposed by China arrived

The customs duties imposed on China by the US reached 145%, the White House confirmed on Thursday, after US President Donald Trump has increased successively in recent days in a spiral of mutual commercial reprisals between the two countries, AFP reports.

The White House on Thursday published a decree, which specifies this level of customs duties and also the suspension for 90 days of the ‘mutual’ customs taxes established by Trump.

The United States imposed, in a first stage, 25% customs duties on steel, aluminum, vehicles and components of the auto industry, regardless of the country of origin.

In the second stage, US President Donald Trump announced on April 3, customs duties consisting of a 10% basic fee for all imports (except for those already charged with 25% and exceptions regarding energy products, semiconductors, etc.), to which for dozens of countries are added additional customs duties according to their commercial taxes. USA. For example, for the products imported from the EU countries, the customs duties charged by the US have reached 20%.

For the products imported by the US from China the percentage of customs duties announced by Trump last Wednesday was 34%, to which were added the 20%existing taxes, therefore 54%. China responded immediately with reprisals, imposing in a first decision of such 34% customs duties on the products imported from the US. But Trump responded even more, to 104%, these taxes charged from imports from China, which in turn then responded by increasing customs taxes on US imports to 84%.

This Wednesday, Trump announced that, after many countries have applied for negotiations with Washington and, unlike China, they abstained from commercial reprisals against the US, suspend for 90 days additional customs taxes, ie those that exceed the basic level of 10%, except for those applied to China, which he said to 125%. According to the decree published on Thursday, this 125% percentage is added to the 20% in force in March, therefore reaching 145%.

According to the US administration, more than 15 countries have already sent Washington to negotiation offers to conclude commercial agreements.

The EU on Wednesday adopted a set of customs duties between 10% and 25% on a series of various American products, from motorcycles to soy or poultry, as reprisals for 25% customs taxes imposed by the US for steel, aluminum, vehicles and components of the automotive industry.

However, the European Commission on Thursday announced the suspension of application for 90 days of these retrival fees, after Trump’s announcement also 90 days of additional customs duties exceeding the 10%basic customs tax level. « We want to give the negotiations a chance, » said Ursula von der Leyen. « But if the negotiations are not satisfactory, our countermeasures will enter into force, » added the president.

However, the 25% customs duties imposed by the US for steel, aluminum, vehicles and components of the auto industry seem to remain in force, Trump’s last announcement referring only to the other customs duties that exceed the 10% basic level. For the latter the European Commission should have announced a second set of reprisal measures, which would have been added to those announced on Wednesday and are now suspended next week.