US-China Tariff Rates: An Overview

US-China Tariff Rates: An Overview

@Blockchainboss
@Blockchainboss
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2 days ago 13

This document provides an extensive overview of the evolving tariff landscape between the US and China, highlighting critical updates on trade relations, recent tariff adjustments, and the implications for both economies. It breaks down historical data and future projections, shedding light on the complexities of international trade amidst the ongoing trade war.

US-China Tariff Rates: An Overview

@Blockchainboss2 days ago

US-China trade war tari/ffs: An up-to-date chart

a. US-China tari/ff rates toward each other and rest of world (ROW)

b. Percent of US-China trade subject to trade war tari/ffs

100%

#PIIECharts

2018

February 7

US Section 201 tari/ffs on solar panels and washing machines

March 23

US Section 232 tari/ffs on steel and aluminum, temporarily exempting Argentina, Australia, Brazil, EU, Canada, Mexico, and South Korea

April 2

China's retaliation to US Section 232 tari/ffs

May 1

China's MFN tari/ffs cut on pharmaceuticals

2019

January 1

China suspends retaliation against US autos and parts (Section 301) and reduces MFN tari/ff rates for 2019

February 7

US Section 201 tari/ffs reduced on solar panels and washing machines in second year of policy

May 20

US exempts Canada and Mexico from Section 232 tari/ffs on steel and aluminum in exchange for both agreeing to VERs

2020

January 1

China adjusts MFN tari/ff rates for 2020, and US reduces tari/ffs on imports from Japan under US-Japan Trade Agreement

February 7

US Section 201 tari/ffs reduced on solar panels and washing machines in third year of policy

February 8

US Section 232 tari/ffs extended to imports that use aluminum and steel

2021

January 1

China adjusts MFN tari/ff rates for 2021, and US reduces tari/ffs on imports from Japan under US-Japan Trade Agreement

January 14

US adjusts Section 301 tari/ffs on selected imports from European Union related to Airbus dispute

2022

January 1

China adjusts MFN tari/ff rates for 2022; US Section 232 tari/ffs on imports of steel and aluminum from the European Union converted to a tari/ff-rate quota

February 7

US Section 201 tari/ffs reduced on solar panels and washing machines in fifth year of policy (solar panels had received an extension)

2023

January 1

China's MFN tari/ffs cut on selected products, e/ffective MFN tari/ff increased on frozen chicken under conversion from special to ad valorem rate

Note:

Sources:

June 1

US ends Section 232 steel and aluminum tari/ff exemptions for EU, Canada, and Mexico. (Argentina, Brazil, and South Korea had earlier agreed to quotas)

July 1

China's MFN tari/ffs cut on consumer goods, autos, and IT products

July 6

US Section 301 tari/ffs of 25% ($34 billion, List 1) and China's retaliation ($34 billion)

August 13

US Section 232 tari/ff increase from 25% to 50% on imports of steel from Turkey

May 21

US reduces Section 232 tari/ff on steel imports from Turkey from 50% to 25%

June

US Section 301 tari/ffs (10% to 25% increase on List 3, e/ffective June 15) and China's retaliation on some US products (subset of $60 billion, e/ffective June 1)

July 1

China's MFN tari/ffs cut on IT products

February 14

US Section 301 tari/ffs of 15% imposed on September 1, 2019 (List 4A) cut to 7.5%, and China's retaliatory tari/ffs imposed on September 1, 2019 cut in half

March 5

US adjusts Section 301 tari/ffs on selected imports from European Union related to Airbus dispute

July 1

China's MFN tari/ffs cut on IT products

February 7

US Section 201 tari/ffs reduced on solar panels and washing machines in fourth year of policy (washing machines had received an extension)

March

US suspends Section 301 tari/ffs on selected imports from European Union (March 11) and United Kingdom (March 4) related to Airbus dispute

April 11

US Section 232 tari/ffs on imports of steel from Japan converted to a tari/ff-rate quota

May 1

China's MFN tari/ffs cut to zero on coal

February 7

US Section 201 tari/ffs reduced on solar panels in sixth year of policy; Section 201 tari/ffs on washing machines expire

US Section 301 tari/ffs of 25% ($16 billion, List 2) and China's retaliation ($34 billion)

August 23

September 24

US Section 301 tari/ffs of 10% ($200 billion, List 3) and China's retaliation ($60 billion)

November 1

China's MFN tari/ffs cut on industrial goods

September 1

US Section 301 tari/ffs of 15% (subset of $300 billion, List 4A) and China's retaliation on some US products (subset of $75 billion)

October 18

US imposes Section 301 tari/ffs on selected imports from European Union after WTO authorization in Airbus dispute

August 16

US reimposes Section 232 tari/ff of 10% on certain aluminum products from Canada

September 1

US eliminates re-imposed Section 232 tari/ff of 10% on certain aluminum products from Canada

May 1

China's MFN tari/ffs cut on some steel products

July 1

China's MFN tari/ffs cut on IT products

June 1

US Section 232 tari/ffs on imports of steel and aluminum from the United Kingdom converted to a tari/ff-rate quota

July 1

China's MFN tari/ffs cut on IT products

April 1

China's MFN tari/ffs on coal revert to higher, binding rate

Learn more at piie.com/research/piie-charts

MFN = most favored nation; VER = voluntary export restraint; WTO = World Trade Organization

Trade-weighted average tari/ffs computed from product-level (six-digit Harmonized System) tari/ff and trade data, weighted by exporting country's exports to the world in 2017. US tari/ffs on ROW exports treated as unchanged whenever Section 232 tari/ffs on steel or aluminum were converted to quotas, VERs, or tari/ff-rate quotas.

Constructed by Chad P. Bown with data from UN Comtrade, Trade Map and Market Access Map (International Trade Centre, marketanalysis.intracen.org), as well as announcements from China's Ministry of Finance and the US Trade Representative.

a. US–China tari rates toward each other and rest of world (ROW)
US-China trade war taris: An up…
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