Trade Wars Are Intensifying, And Hundreds Of Chemicals Will Soar. (List Of Chemical Raw Materials)

2019/8/27 13:31:00 0

In August 24th, the US side announced that it would raise tariffs on Tariffs of about 550 billion US dollars on Chinese exports to the US, and claimed that it required us companies to leave China. A spokesman for the Ministry of Commerce issued a statement on the matter, saying that China firmly opposes it.

After a large number of us chemical raw materials and related products are subject to tax increases, market supply will decrease, and prices of multiple chemicals will increase.

On the evening of August 23, 2019, the office of the Customs Tariff Commission of the State Council issued a notice announcing the imposition of tariffs on imported goods originating in the United States of about $75 billion.

By looking at the two list, we can see that A large number of chemical raw materials and related products are included. (list of products at the end)

In response, US President Trump immediately said that it would raise the tariff range of China's US goods worth 550 billion US dollars.

Trump announced on twitter that the import tariff of $250 billion from China will rise to 30% from the current 25% to October 1st. In addition, the tariff rate for the remaining US $300 billion in Chinese exports to the US will increase from 15% to 15% in September 1st.

Subsequently, the office of the United States trade representative also announced the news.

So far, the United States has imposed a tariff scale of $550 billion on China, and China has added $230 billion to the US.
On the evening of August 24th, the spokesman of the Ministry of Commerce issued a statement on the announcement by the US side that it would further raise tariffs on Chinese exports to the United States.