In what could be the beginning of a trade war, China's retaliatory import taxes on certain U.S. goods are set to take effect on Monday.
Beijing has imposed a 15% tariff on coal and liquefied natural gas, along with a 10% tariff on crude oil, agricultural machinery, and pickup trucks. It has also introduced export controls on 25 rare metals critical to electronics and military equipment.
On Friday, U.S. President Donald Trump announced plans for new reciprocal tariffs but delayed imposing duties on small-value packages from China until a processing system is in place. Ending the exemption for these imports, and subjecting them to the new 10% tariff, could generate $53 billion in federal tax revenue, according to the Tax Foundation.
In 2023, U.S. customs processed over 1 billion small packages, up from 134 million in 2015, with about 4 million shipments arriving daily, many via platforms like Shein and Temu.
Beijing has imposed a 15% tariff on coal and liquefied natural gas, along with a 10% tariff on crude oil, agricultural machinery, and pickup trucks. It has also introduced export controls on 25 rare metals critical to electronics and military equipment.
On Friday, U.S. President Donald Trump announced plans for new reciprocal tariffs but delayed imposing duties on small-value packages from China until a processing system is in place. Ending the exemption for these imports, and subjecting them to the new 10% tariff, could generate $53 billion in federal tax revenue, according to the Tax Foundation.
In 2023, U.S. customs processed over 1 billion small packages, up from 134 million in 2015, with about 4 million shipments arriving daily, many via platforms like Shein and Temu.
Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
Economic Calendar:
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
blackbull.com/en/economic-calendar/?utm_source=tradingview
Free TradingView Premium:
blackbull.com/en/platforms/tradingview/?utm_source=tradingview
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.