However, the latest bulletin from the U.S. Customs and Border Protection still announces that the new tax policy will officially take effect at 12:01 AM on April 9 according to Eastern Time (which is 11:01 AM Vietnam time), according to Reuters.
The announcement specifies that goods from 83 countries will be subject to tariffs ranging from 11% to 50%, instead of 10%. For example, goods from Hong Kong, Macau, China will be taxed at 34%; the European Union (EU) will face a rate of 20%, Japan 24%, South Korea 25%, Vietnam 46%...
Importing businesses will be required to report specific tariff types according to Chapter 99 of the Harmonized Tariff Schedule. For products with at least 20% of their value originating from the U.S., that portion of the value will not be subject to retaliatory tariffs.