On May 10, 2019, the United States imposed additional tariffs on $200 billion worth of imports from China, and the additional tax was raised from 10% to 25% . And threatened that the tariff increase will continue to increase, and the next round will impose tariffs on goods worth 300 billion U.S. dollars. China reacted quickly, and the Customs Tariff Commission of the State Council issued an announcement that from June 1, 2019, it will increase the tariff rate on US$60 billion worth of imported goods from the United States, and implement additional tariffs of 25%, 20% or 10%. .
This time China took a tough attitude, and the official media issued declarations such as “I don’t want to fight, but I am not afraid of fighting, and I have to fight if necessary” and “Talk, the door is open; fight, stay with me to the end.” After the release of countermeasures, the three major U.S. stock indexes (Dow Jones Industrial Average, Nasdaq Composite Index and S&P 500 Index) all plummeted by more than 2%. However, it is worth noting that on the first trading day after U.S. President Trump announced on Twitter that he would continue to increase tariffs, China’s Shanghai Composite Index, Shenzhen Component Index and ChiNext also closed badly.
This article only lists the taxation of the main PU raw materials involved in the current trade war, hoping to provide a reference for practitioners.
Table 1 The United States imposes additional tariffs on PU raw materials imported from China
Product Name | Original Tariff | additional levy | effective date |
polyether polyol | 6.5% | 25% | 2018year8month23Day |
5.5% | 25% | 2019year5month10Day | |
aggregationMDI | 6.5% | 25% | 2019year5month10Day |
pure MDI | 6.5% | 0% image4 The United States imposes a levy on aggregated MDI imported from China25% tariff. Figure5 The U.S. imposes restrictions on TDI imported from China A tariff of 25% is imposed. Figure6 China imposes additional levy on PO imported from the United States 10% tariff.
图 7 China imposes a 25% tariff on pure MDI imported from the United States.
图 8 China imposes 25% tariff.
image 9 China’s TDI imposes a tariff of 25%.
图 8 China imposes 25% tariff.
image 9 China’s TDI imposes a tariff of 25%.
This article is from the internet and does not represent Morpholine position. Please indicate the source when reprinting.https://www.51dmapa.com/a-summary-of-the-taxation-of-major-pu-raw-materials-due-to-the-sino-us-trade-war-3/
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