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This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services. The level of customs duties is a direct indicator of the openness of an economy to world trade.
On July 10, the United States Trade Representative, in reaction to China's retaliatory tariffs that took effect July 6, requested comments, gave notice of public hearings and issued a proposed list of Chinese products amounting to an annual trade value of about $200 billion that would be subjected to an additional 10% in duties on top of what ...
Until recently, the United States applied a customs tariff that was among the lowest in the world: 3% on average. [7] [8] However, with increased tariffs on Chinese goods, as of May 2019, the US has the highest tariff rate among all developed nations with a trade-weighted tariff rate of 4.2%. [9]
Meanwhile, if 10 percent “reciprocal” tariffs are implemented on all U.S. trading partners and levies on China surge to the 60 percent rate that Trump floated on the campaign trail, the ...
One aspect of Trump’s ongoing crackdown on trade with China may have bipartisan support: eliminating the de minimis exemption. Major Chinese companies shipping to the U.S. must pay customs ...
Communications equipment accounted for 12%, or $47 billion, of the $401 billion worth of goods the US imported from China last year, not accounting for December, making it the single top category ...
Economist Stephen Roach writes that by replacing the Chinese portion of the United States' trade gap with deficits from other nations that produce goods at higher cost, the diversion of trade to non-Chinese sources has resulted in the functional equivalent of a tax hike on United States companies and consumers. [277]: 60–61
Trump on Thursday said that goods from BRICS nations — a coalition of emerging economies backed by China and Russia — would face 100% tariffs if they attempted to move away from the US dollar ...