The US Department of Commerce has another scam, implementing ultra-high tariffs to ban Chinese compa
- Author:Josie
- Source:Search network
- Release Date:2019-06-14
Sunny worldwide Logistics MemberOn the search network, I learned that in recent days, Trump has repeatedly waved the "tariffs arrow", and after adding taxes to Mexican exports, he pointed to India and canceled the "GSP treatment" for many years... Trump The act of ignoring international trade rules and disguised tax increases has caused widespread concern in the world. It is a catching eye!
▲The media reported on the tariff of up to 1731%
There are no tariffs that Trump can't mention, only the tariffs you can't think of! Have you ever heard of the 1731% tariff?
Reuters reported on May 30, 2019 that the US Department of Commerce had finally ruled that Chinese-made mattresses and stainless steel beer kegs were 'dumped' to the US market at below-fair prices and would impose a preliminary anti-dumping duty. A tariff of 79.7% on Chinese-made beer kegs and a tariff of 1731% on Chinese-made mattresses!
Formal tariff enforcement orders must be issued at least until December 1, 2019. Prior to this, the US Department of Commerce will still instruct the US Customs and Border Protection to collect a cash deposit from a Chinese mattress importer based on the above preliminary rates.
According to Sogou.com, China's furniture production capacity has accounted for more than 25% of the global market. It is the world's number one furniture production, consumption and exporter. Once the preliminary tariffs are officially announced, Chinese mattress importers will face retroactive taxation of products shipped 90 days prior to the initial tariff implementation.
The US Department of Commerce said in the announcement that in 2017, the United States imported 4.6 million mattresses from China, valued at $436.5 million; in 2016, the figure was 1.82 million, valued at $172.1 million.
In just one year from 2016 to 2017, the number of mattresses and total value of Chinese exports to the United States has turned 2.5 times. Perhaps it is this "amazing" growth rate that has caused the Trump administration to start a "big move" for Chinese export mattress manufacturers.
▲The media reported on the tariff of up to 1731%
There are no tariffs that Trump can't mention, only the tariffs you can't think of! Have you ever heard of the 1731% tariff?
Reuters reported on May 30, 2019 that the US Department of Commerce had finally ruled that Chinese-made mattresses and stainless steel beer kegs were 'dumped' to the US market at below-fair prices and would impose a preliminary anti-dumping duty. A tariff of 79.7% on Chinese-made beer kegs and a tariff of 1731% on Chinese-made mattresses!
Formal tariff enforcement orders must be issued at least until December 1, 2019. Prior to this, the US Department of Commerce will still instruct the US Customs and Border Protection to collect a cash deposit from a Chinese mattress importer based on the above preliminary rates.
According to Sogou.com, China's furniture production capacity has accounted for more than 25% of the global market. It is the world's number one furniture production, consumption and exporter. Once the preliminary tariffs are officially announced, Chinese mattress importers will face retroactive taxation of products shipped 90 days prior to the initial tariff implementation.
The US Department of Commerce said in the announcement that in 2017, the United States imported 4.6 million mattresses from China, valued at $436.5 million; in 2016, the figure was 1.82 million, valued at $172.1 million.
In just one year from 2016 to 2017, the number of mattresses and total value of Chinese exports to the United States has turned 2.5 times. Perhaps it is this "amazing" growth rate that has caused the Trump administration to start a "big move" for Chinese export mattress manufacturers.
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