I was interested in finding import/export quantities of commodity chemicals and found some reports that also listed what each country taxed that product on import and listed the import tax, state/province/regional tax and any "special" tax by some specific governmental agency within the country. Many countries had a tax for each category, so 3 diff %. It seemed that many countries had none on any of them while there were about 20-30 that had 8-15% total which was the average of the highest countries (the rest were a zero to a couple %). Then there was the outlier - China. A total of 51% on most of the chemicals I saw and one was 72% total (with 30-40% going to the "special" category).
These chemicals are the backbone of industry as they are the feedstock for most everything we consume or they are involved in some way with producing products we use (think fertilizers or pesticides or plant oils). With an economy that is growing so much and with so many people, those taxes make it impossible (for the most part) for anyone outside of China to sell to them while at the same time the Chinese gov pays their companies subsidies so they can sell lower than what we can make the item for! This is why companies move and there is more to it, like foreign companies in China selling at cost (literally no profit) but China pays them $XXX and THAT is their profit!
The Chinese also subsidize shipping (I've been told) and companies there don't pay ANYTHING for it as it is all done by the GOV to destroy our manufacturing.
I was so mad when I saw those import tax numbers b/c that totally coincides with what many people have been saying about the "trade war" that isn't really covered the way it should be.
I want to know why journalists don't find this stuff. There are hundreds of things I find that could be stories and they are there with minimal effort to look. This just re-inforces my reason not to listen to some "people."
These chemicals are the backbone of industry as they are the feedstock for most everything we consume or they are involved in some way with producing products we use (think fertilizers or pesticides or plant oils). With an economy that is growing so much and with so many people, those taxes make it impossible (for the most part) for anyone outside of China to sell to them while at the same time the Chinese gov pays their companies subsidies so they can sell lower than what we can make the item for! This is why companies move and there is more to it, like foreign companies in China selling at cost (literally no profit) but China pays them $XXX and THAT is their profit!
The Chinese also subsidize shipping (I've been told) and companies there don't pay ANYTHING for it as it is all done by the GOV to destroy our manufacturing.
I was so mad when I saw those import tax numbers b/c that totally coincides with what many people have been saying about the "trade war" that isn't really covered the way it should be.
I want to know why journalists don't find this stuff. There are hundreds of things I find that could be stories and they are there with minimal effort to look. This just re-inforces my reason not to listen to some "people."