The central bank strikes back! Where will the US tariff progress go?

The domestic economic situation in the United States has been very grim recently. Whether it is the inverted U.S. Treasury yields or the plummeting U.S. stocks, they are stains on Trump's term in office and will cause him to lose next year's election.

However, Trump's favorite tariff stick is far from being effective, and our country has stood firm and is not moved at all.

Trump is facing internal and external troubles and is as anxious as an ant on a hot pot. If he fails to get China to sign a trade agreement that is beneficial to the United States, Trump will no longer have to think about running for president next year.

At this critical juncture, Trump fully demonstrated his "madness". USTR (Office of the United States Trade Representative) announced that all tariffs imposed on China from October 1st will be increased by 5% on the original basis.

Impact of tax increase

The tariffs that the United States has determined can basically be divided into two batches.

1. The 250 billion list of tax increases that have already been implemented

Most of the products on this list are B2B products, such as raw materials and semi-processed products, etc. The current tariff on this list is 25%, and after this increase, a 30% tariff will be implemented on October 1.

2. The 300 billion list of tax increases to be implemented in September

This list includes almost all daily consumer goods that Amazon sellers may be involved in, including clothing, electronics and other categories.

The tariff on this list was initially 10%, but will rise to 15% after October 1. Trump once promised to delay or exempt some products on this list from taxes, but now it seems likely that he will go back on his word. (Scan the QR code at the end of the article to get the list of products that will be delayed)

This upgrade also brought the US tariff rate on us to an astonishing peak, with Chinese products worth US$250 billion facing an ultra-high tariff of 30%.

Even foreign media and scholars have expressed concerns about such high tariffs, saying that they are likely to have a serious impact on American consumers.

What is the current trend of trade friction between the two sides?

We did not show any weakness in the face of such strong pressure from the United States. Just after the USTR announced the tax increase, the central bank also announced that it would fight back against this policy.

my country will impose additional tariffs ranging from 5% to 10% on goods originating from the United States with a value of approximately US$75 billion. The tariffs will be implemented in two batches on September 1 and December 15.

Careful sellers should have noticed that the dates of the two executions happened to be the days when the United States announced the implementation of the 300 billion list (the implementation of some products was delayed until December 15) . Our actions perfectly embody the restraint and magnanimity of a major country.

Now both sides are taking more and more actions with greater intensity, and there is only one reason for this - the next round of high-level consultations between the two sides will be held in early September. Before the consultations begin, they want to put as much pressure as possible on the other side so that the other side will make concessions in the consultations.

I believe that this consultation in early September is likely to be the most critical one in the entire trade friction . How the future trade relationship between China and the United States will turn out will largely depend on this consultation. We don’t need to worry too much. The United States has already lost its footing in the trade friction. We just need to continue to stick to our position.

As for the US's actions, our attitude remains unchanged.

We don't want to fight

But not afraid of fighting

Have to fight when necessary

Everyone must pay attention to this news recently, and I will pass the relevant news to everyone as soon as possible.

Regardless of the outcome of the negotiations, the 300 billion tariffs on September 1 will not be met. Even if the United States decides to cancel the tariffs after the negotiations, it will affect the shipments that arrive at the port for customs clearance in the first few days.

What we sellers need to do now, in addition to keeping an eye on it, is to check whether the tax on our products will be levied on September 1 or December 15 , and ask me to get the lists of these two taxations , so as to screen them and respond in a timely manner.

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