Question

Beginning in 2018, The U.S. imposed high tariffs on goods imported from several countries. Answer this questions about the tariffs:

1. On what goods from what countries and at what rates have tariffs been imposed, and what are the values of the goods on which the tariffs have been imposed?

Answer 1

Mr Trump's administration has imposed several rounds of tariffs to encourage consumers to buy American products by making imported goods more expensive. The goods on which tariffs have been imposed are:

In January 2018, US implemented ‘global safeguard tariffs’ – placing a 30 percent tariff on all solar panel imports, except for those from Canada, (worth US$8.5 billion) and a 20 percent tariff on washing machine imports (worth US$1.8 billion). The tariff applies to all imports above a 2.5 gigawatt exemption.

The United States imported $1.29 billion of machines and $114 million worth of parts in 2018. A tariff of 18 percent applies to the first 1.2 million washing machines imported and a tariff of 45 percent applies to all subsequent washing machines as well as parts.

In March 2018, President Trump announced the administration would impose a 25 percent tariff on imported steel(except from Argentina, Australia, Brazil, and South Korea) and a 10 percent tariff on imported aluminum (except from Argentina and Australia). Canada and Mexico were exempted from the tariffs in May.

In May 2018, President Trump asked for tariffs of 25 percent on automobile imports, potentially including cars, trucks, and vehicle parts.

The 25 percent tariff on South Korean trucks would be extended until 2041.The United States exempted South Korea from its steel tariffs, but imposed an import quota of about 2.68 million tonnes.South Korea was temporarily exempted from aluminum tariffs as well, but the exemption was removed effective May 1, 2018.

The United States is currently imposing a 25 percent tariff on approximately $250 billion of imports from China and a 15 percent tariff on approximately $112 billion worth of imports from China, with plans to reduce the 15 percent tariff to 7.5 percent. Example: 25% tariffs on $50 billion worth of technology goods including machinery, semiconductors, autos, aircraft parts and intermediate electronics components. 25% tariffs on $200 billion worth of goods including computer modems and routers, printed circuit boards, chemicals, building materials and furniture.