Factbox: Tariff wars - duties imposed by Trump and U.S. trading partners
Compiled by David Lawder; Editing by Simon Webb and Susan Thomas, Reuters
May 13, 2019
(Reuters) - China on Monday raised tariffs on $60 billion of U.S. goods in retaliation for President Donald Trump’s decision to increase tariffs on $200 billion worth of Chinese imports last week, escalating the trade war between the world’s two largest economies.
Trump has rattled the world trade order by imposing unilateral tariffs to combat what he calls unfair trade practices by China, the European Union and other major trading partners of the United States.
The bulk of Trump’s tariffs have been aimed at China, covering $250 billion worth of Chinese goods so far. He also has directed U.S. Trade Representative Robert Lighthizer to launch the process of imposing tariffs on all remaining imports from China, another $300 billion worth of goods.
The latest tariff increases mark an end to a more than five-month truce after Trump and Chinese President Xi Jinping agreed in December 2018 to try to negotiate an end to the dispute.
U.S. TARIFFS ON CHINA
- 25% tariffs on $50 billion worth of Chinese technology goods including machinery, semiconductors, autos, aircraft parts and intermediate electronics components imposed on July 6 and Aug. 23 as part of “Section 301” probe into China’s intellectual property practices.
- 25% tariffs on $200 billion worth of Chinese goods including computer modems and routers, printed circuit boards, chemicals, building materials and furniture. A 10% tariff on these goods was imposed on Sept. 24, 2018 as a response to Chinese retaliation. Trump increased the tariff rate to 25% on May 10 after accusing China of backtracking on earlier commitments in the talks.
- Trump also on May 10 directed USTR to start a public comment process for imposing 25% tariffs on remaining Chinese imports. This $300 billion category of goods would hit consumer products hard, including cell phones, computers, clothing, toys and other consumer products.
CHINESE TARIFFS ON UNITED STATES
- China on May 13 announced it would increase tariffs on a revised list of 5,140 U.S. products, worth about $60 billion, after Trump’s latest move. The additional tariff of 25% will be levied on 2,493 products, including liquefied natural gas, soy oil, peanut oil, petrochemicals, frozen minerals and cosmetics. Other products will see tariffs of 5%-20%
- 25% tariffs on $50 billion worth of U.S. goods including soybeans, beef, pork, seafood, vegetables, whiskey, ethanol, imposed on July 6 and Aug. 23 in retaliation for initial rounds of U.S. tariffs. China had suspended a 25% duty on U.S. auto imports during their trade negotiations. Beijing has resumed some purchases of U.S. soybeans but has not formally suspended those tariffs.
- Based on 2018 U.S. Census Bureau trade data, China would only have about $10 billion in U.S. imports left to levy in retaliation for any future U.S. tariffs. Retaliation could come in other forms, such as increased regulatory hurdles for U.S. companies doing business in China.
U.S. GLOBAL TARIFFS ...
CANADIAN TARIFFS ON UNITED STATES ...
MEXICAN TARIFFS ON UNITED STATES ...
EUROPEAN UNION TARIFFS ON UNITED STATES ...
INDIA TARIFF THREAT ...
DUELING TARIFFS WITH TURKEY ...