Thursday, September 11, 2025

Vietnamese

commodity tax

News updates related to goods tax

Tổng thống Trump áp thuế quan 50% lên một loại kim loại quý, đưa giá trở nên đắt đỏ nhất thế giới

President Trump imposes 50% tariff on precious metal, making it the most expensive in the world

On July 8, US President Donald Trump announced that he would impose a 50% tax on imported copper. Immediately after the announcement, the price of copper in the US increased by more than 13% to a record of 5.69 USD/pound, the strongest increase in a day since 1989.

US-China trade talks: Goods tax rate reduced to 10%

On May 12 in Geneva, the US and China reached a provisional agreement to sharply reduce tariffs on each other’s goods. Accordingly, the current tariff rate will be reduced by more than 100%, bringing it to a basic rate of 10%.
China raises tariffs on US goods from 84% to 125% from April 12

According to TASS, the Customs Tariff Commission of the State Council of China announced that in response to the US government's trade protection measures, China will increase tariffs on US goods from 84% to 125% starting April 12.

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