Heavy! Trump regressed and announced that some of the tariffs on the 300 billion tax increase list w
- Author:Kyrie
- Source:Shipping today
- Release Date:2019-08-14
according toShenzhen Sunny Worldwide LogisticsThe latest news from the marketing department was:
U.S. officially announced that some of the goods in China’s 300 billion tax increase list will be suspended for December 15The rest will be subject to a 10% tariff from September 1. According to the 300 billion tax increase list, the proportion of suspended goods in the list of goods worth about 300 billion is 57%. It mainly includes mobile phones, laptops, electronic game consoles, computer monitors, toys, some shoes and apparel.
Analyst's point of view: More than half of the tariffs are postponed, the US adjusts the list of tariffs to China, "unexpected and reasonable"
Stimulated by the above news, last night's three major US stock indexes quickly reacted, the increase was expanded. At the close, the Dow rose 1.48%, the Nasdaq index rose 1.95%, and the S&P 500 index rose 1.5%.
Offshore RMB rose above the 7.0 mark against the US dollar and rose more than 1000 basis points in the day.
For the United States to postpone tariffs on some Chinese products, the reason behind this may be largely due to the fact that these more consumer-related products have lower price elasticity in the short term, so if tariffs are imposed on September 1, it is possible In the short-term, the reality is that the domestic consumers in the United States have more to bear the cost of tariffs. Therefore, it is possible to avoid at least the direct impact on the Christmas shopping season until December 15.
In addition to the above-mentioned partial products being postponed to impose tariffs and some products being removed from the list exempt from customs duties, the additional tariff increase of 10% for other products will begin on September 1. The USTR excluded a total of $1.45 billion worth of goods, focusing on categories such as fish, vehicle parts, and inorganic chemicals.
US USTR official statement
The main commodities deferred from taxation totaled US$158.3 billion, accounting for 59%, mainly focusing on electrical machinery, electrical equipment and parts (US$62.5 billion, accounting for 74%), machinery, machinery and parts ($42.5 billion, accounting for More than 74%), toys ($21.9 billion, 82%), footwear ($6.7 billion, 48%).
According to statistics, on September 1st, the implementation of taxable goods (accounting for the top three is motor electrical 20%, mechanical equipment 13%, knitted garments 12%) is less than half of the 300 billion list, and deferred taxable goods (pre-production) Third, motor electric 40%, mechanical equipment 27%, toys 14%) scale more than 150 billion, many of which are highly dependent on Chinese imports, such as umbrellas (89%), toys (67%), feathers. Products (55%), fireworks (34%), and some shoes and boots (26%), while mobile phones, laptops, etc. are the advantages of China's exports, and it is difficult for the United States to find a replacement in a short time.
These tax increases will be very obvious for US price increases, indicating that the United States does not want to have a significant impact on consumers' purchases before Christmas. In July, the US CPI and core CPI were 1.8% and 2.2%, respectively, which have rebounded from June.
A list of some products officially subject to 10% tariffs from September 1, 2019
From December 15, 2019, a list of some products with a 10% tariff will be officially added.
Everyone should catch up with the work, the shipment is tight!
U.S. officially announced that some of the goods in China’s 300 billion tax increase list will be suspended for December 15The rest will be subject to a 10% tariff from September 1. According to the 300 billion tax increase list, the proportion of suspended goods in the list of goods worth about 300 billion is 57%. It mainly includes mobile phones, laptops, electronic game consoles, computer monitors, toys, some shoes and apparel.
Analyst's point of view: More than half of the tariffs are postponed, the US adjusts the list of tariffs to China, "unexpected and reasonable"
Stimulated by the above news, last night's three major US stock indexes quickly reacted, the increase was expanded. At the close, the Dow rose 1.48%, the Nasdaq index rose 1.95%, and the S&P 500 index rose 1.5%.
Offshore RMB rose above the 7.0 mark against the US dollar and rose more than 1000 basis points in the day.
For the United States to postpone tariffs on some Chinese products, the reason behind this may be largely due to the fact that these more consumer-related products have lower price elasticity in the short term, so if tariffs are imposed on September 1, it is possible In the short-term, the reality is that the domestic consumers in the United States have more to bear the cost of tariffs. Therefore, it is possible to avoid at least the direct impact on the Christmas shopping season until December 15.
In addition to the above-mentioned partial products being postponed to impose tariffs and some products being removed from the list exempt from customs duties, the additional tariff increase of 10% for other products will begin on September 1. The USTR excluded a total of $1.45 billion worth of goods, focusing on categories such as fish, vehicle parts, and inorganic chemicals.
US USTR official statement
The main commodities deferred from taxation totaled US$158.3 billion, accounting for 59%, mainly focusing on electrical machinery, electrical equipment and parts (US$62.5 billion, accounting for 74%), machinery, machinery and parts ($42.5 billion, accounting for More than 74%), toys ($21.9 billion, 82%), footwear ($6.7 billion, 48%).
According to statistics, on September 1st, the implementation of taxable goods (accounting for the top three is motor electrical 20%, mechanical equipment 13%, knitted garments 12%) is less than half of the 300 billion list, and deferred taxable goods (pre-production) Third, motor electric 40%, mechanical equipment 27%, toys 14%) scale more than 150 billion, many of which are highly dependent on Chinese imports, such as umbrellas (89%), toys (67%), feathers. Products (55%), fireworks (34%), and some shoes and boots (26%), while mobile phones, laptops, etc. are the advantages of China's exports, and it is difficult for the United States to find a replacement in a short time.
These tax increases will be very obvious for US price increases, indicating that the United States does not want to have a significant impact on consumers' purchases before Christmas. In July, the US CPI and core CPI were 1.8% and 2.2%, respectively, which have rebounded from June.
A list of some products officially subject to 10% tariffs from September 1, 2019
From December 15, 2019, a list of some products with a 10% tariff will be officially added.
Everyone should catch up with the work, the shipment is tight!
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