The impact of the U.S. tax hike on us, which is scheduled to take effect on October 1

According to the latest news, on August 28, 2019 local time in the United States, the official website of the US Trade Representative Office issued a notice confirming that the tariff rate on Chinese products exported to the United States of 300 billion US dollars (LIst 4) was increased from the original 10% to 15%. Executed in batches, the products subject to additional tariffs on US$300 billion are divided into two lists, A and B. The products in the "List 4A" list will be officially levied with a 15% tariff on September 1, Eastern Time, List 4B" Products on the list will be officially subject to the 15% tariff starting December 15th, ET.

   In addition, the Office of the US Trade Representative is currently soliciting public comments on the increase in tariff rates on US$250 billion of Chinese products exported to the United States from 25% to 30%.

What does this mean? It means that every time you send goods from our country, you need to pay customs duties, and according to this situation, the customs duties will only get higher and higher.

With the full-scale Sino-US trade war starting, the impact is difficult to estimate, customs tariffs are increasing day by day, and a new round of Sino-US tariff war has been launched. China will impose 5% or 10% tariffs on US$75 billion of US goods. Combined with the previous tariff measures of the two sides, the scope of tariff increases has now covered almost all the goods of the two countries, and the impact level is difficult to estimate. According to the schedule announced by the U.S. side, a new round of tariffs on China’s total US$300 billion worth of goods will be implemented in two phases on September 1 and December 15. The additional tax rate will be increased from the original plan of 10% to 15%. In addition, the 250 billion U.S. dollars of Chinese goods that have already been taxed will be increased from 25% to 30% from October 1.

According to Reuters, the Consumer Tech Association (CTA), the U.S. electronics business chamber, said that tariffs on electronic parts since July 2018 have cost the industry $10 billion. Now that tariffs have begun to cover finished products, $52 billion of products have been hit.

       In terms of impact on China, the U.S. tariffs are expected to reduce China’s export growth by 1.2 percentage points, of which the growth rate of exports to the United States may be reduced by 6.1 percentage points, and the impact on China’s GDP growth rate is estimated to be reduced by 0.2 percentage points.

       Gregory Daco, chief U.S. economist at research firm Oxford Economics, said tariffs on all goods from China and the U.S. would reduce global GDP growth by 0.5 percentage points by the end of 2020, and even trigger a "global recession."

 In other words, it is still our businesses and consumers who are embarrassed. Suddenly, I want to express the mood at this moment in one sentence: We are too difficult~~