Countervailing tax
Submitting a response to US countervailing tax tomorrow
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The Ministry of Industry and Trade is developing and implementing a trade agreement plan with the US and will submit it to the Government for consultation with agencies.
US may allocate tax collection to low-income people
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President Donald Trump has unveiled the possibility of using tax revenue to provide financial support to low-income people.
Asian stocks sink into that bright spot after US tariff shock
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Most Asian markets opened on August 1st have decreased points due to the new tariff shock from the US.
US countries change tariffs compared to the level on February 2
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On July 31, the US announced a tariff adjustment for about 50 countries and territories compared to the tax rate on April 2, 2025.
Mr. Trump announces a tax rate of 10% to 41% for all countries
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On the evening of July 31, the White House announced a plan to impose new tariffs on countries, ranging from 10% to 41%.
Mr. Trump announced the tariffs that India, Brazil and other countries will have to pay since the beginning of August
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India could face great pressure in exports as Mr Trump imposes a 25% import tax from early August.
Europe still suffers despite US-EU trade deal
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On July 29, the Polish Prime Minister warned that new US tariffs on European goods could cost Poland $2.16 billion.
Mr. Trump aims for a basic tax rate of 15-20% for the whole world
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US President Donald Trump has announced that he will impose a generally flat tax rate of 15-20% on most global trade partners.
EU accepts 15% tax from US
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On July 27, the EU and the US reached a trade agreement, according to which EU goods are subject to a 15% tax when entering the US market.
South Korea urges tax negotiations with US ahead of schedule
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The South Korean government is accelerating negotiations with the US to reach a tariff deal before the deadline on August 1.
Mr. Trump revealed a unique agreement with a tax rate of 19% with the Philippines
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On July 22, President Donald Trump announced that the US would impose a 19% tax on Philippine imports.
Mr. Trump announces a huge trade deal with Japan, a 15% tariff
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US President Donald Trump said on July 22 that he had reached a biggest deal ever with Japan, including a 15% countervailing tax.
Mr. Trump plans to impose a tax of more than 10% on about 100 countries
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US President Donald Trump has announced that he will impose an import tax of more than 10% on goods from about 100 countries.
Mr. Trump announces a trade agreement with Indonesia, tax rate of 19%
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Trump said the deal called on Indonesia not to impose tariffs on US goods, while the US imposed a 19% tariff on Indonesian goods.
EU announces plan to impose US retaliatory tariffs
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The EU has proposed retaliatory measures after President Donald Trump threatened to impose a 30% tariff on Europe.
