Turkey adjusts its import and export tariff policies towards China and around the world
March 11, 2024
Turkey has made a series of significant adjustments to its import and export tariff policies, aimed at addressing domestic and international economic changes and further regulating international trade activities. These adjustments affect multiple industries, from agricultural products to synthetic fibers to automobile tires, significantly impacting the operations and market strategies of domestic and international companies. Firstly, in the agricultural sector, the Turkish government has...
Mexican tariff adjustment: impact on China and other countries
25 August 2023
1. Mexicos Tariff Adjustment Decision The President of Mexico recently signed a decision to increase the most-favored-nation tariffs on a wide range of imported products, including steel, aluminum, bamboo products, rubber, chemical products, oil, soap, paper, cardboard, ceramic products, glass, electrical equipment, musical instruments, and furniture, starting from August 16, 2023. This tariff adjustment involves...
U.S. extends tariff exemption for 81 Chinese medical protection products until May 31
17 May 2023
The Office of the United States Trade Representative (USTR) issued a notice on May 12 local time, stating that the additional tariff exemptions for 81 Chinese medical protective products imported into the United States are about to expire, and an additional 16-day transition period will be provided, extending the validity period to May 31, 2023. Previously, in February of this year, the USTR temporarily extended the additional tariff exemption period for these 81 products by 75 days, to May 1...
What does import tariffs include?
30 March 2023
Import tariffs are taxes and fees that need to be paid on imported goods, usually calculated based on factors such as the type, quantity, and value of the goods. Import tariffs are part of national tax revenue and also a means of protecting domestic industries. In international trade, import tariffs are an important cost factor that directly affects the import costs and selling prices of importers. Different countries...
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