The new list of tariffs is in constant flux, and hard to keep track of. I presume you mean tariffs that already existed.
The two most notable are the tariffs, fees, and other taxes on electronics and automobiles.
At times in the past, there might be a listed 25% tariff on electronics, but the effective rate after other government fees was more like 50%. Therefore, imported electronics (PCs, cell phones, laptops, etc.) from Japan or the USA have been very expensive in China.
Automobiles are in the same category where the listed tariff is about 15%, but after things like special licensing fees for imported vehicles make the effective rate more like 30–50%. This led to manufacturers like GM and VW opening factories in China many years ago to make their cars “domestic” in China.
Other goods are not so sensitive in China. The rates were less than 16% on the majority of imported consumer goods through 2017.
Before this trade war started, the trend was major reductions in import tariffs. In December 2017, the average tariff on consumer goods dropped to less than 7% with some going as low as 2.7% for things like imported cosmetics.
If we really intended to face up to the Chinese in trade, we would have made more of an effort with the TPP, as well as cooperating with the EU nations. Temper tantrums from the White House are not going to do the job in a globalized economy.
Dtroutma over 5 years ago
That’s Bonespur’s trap.
braindead Premium Member over 5 years ago
YOUR GUY, Ramirez!
You know, Tariff Man.
Tariff wars are easy to win, right?
.
Don’t tell me you’re tired of winning? Not already?
.
#TraitorTrump
Ontman over 5 years ago
A two man ‘gotcha’.
superposition over 5 years ago
https://www.quora.com/What-tariffs-does-China-impose-on-US-goods
" …
The new list of tariffs is in constant flux, and hard to keep track of. I presume you mean tariffs that already existed.
The two most notable are the tariffs, fees, and other taxes on electronics and automobiles.
At times in the past, there might be a listed 25% tariff on electronics, but the effective rate after other government fees was more like 50%. Therefore, imported electronics (PCs, cell phones, laptops, etc.) from Japan or the USA have been very expensive in China.
Automobiles are in the same category where the listed tariff is about 15%, but after things like special licensing fees for imported vehicles make the effective rate more like 30–50%. This led to manufacturers like GM and VW opening factories in China many years ago to make their cars “domestic” in China.
Other goods are not so sensitive in China. The rates were less than 16% on the majority of imported consumer goods through 2017.
Before this trade war started, the trend was major reductions in import tariffs. In December 2017, the average tariff on consumer goods dropped to less than 7% with some going as low as 2.7% for things like imported cosmetics.
…"
Odon Premium Member over 5 years ago
Gee, who to believe? One throws out a number another cites a valid source.
sfletch1 over 5 years ago
Pull my finger!
Radish the wordsmith over 5 years ago
Tariffs are a tax on Americans, China is winning,
an unstable Trump creates an unstable market.
running down a dream over 5 years ago
nobody said it would be easy to overcome many years of chinese sellouts. but maybe better than continuing down the road to total worthlessness.
martens over 5 years ago
If we really intended to face up to the Chinese in trade, we would have made more of an effort with the TPP, as well as cooperating with the EU nations. Temper tantrums from the White House are not going to do the job in a globalized economy.
Mr. Blawt over 5 years ago
Wonder why Trump keeps trying to shove his finger in deeper
Real Joel over 5 years ago
Way worse than a bunch of woven reeds. But who was it who said we’d win a trade war?
phredturner over 5 years ago
Nothing like a stable genius at work
KenCurrie over 5 years ago
Oh, really? https://news.gallup.com/poll/242906/republican-party-favorability-highest-seven-years.aspx