825.92%! the us suddenly targets chinese chemical companies...

On July 15 local time, the U.S. Department of Commerce announced its final affirmative ruling on the anti-dumping (AD) and countervailing duty (CVD) investigation into Chinese hexamine.

Maximum 825.92% exorbitant tariff

The final ruling sets the anti-dumping duty rate for Chinese producers/exporters at 405.19% (with the margin adjusted to 394.65% after offsetting subsidies), and this rate is a uniform national rate for China.

The subsidy tax rate for Chinese producers/exporters is 420.73%, which is also the national uniform rate in China. The combined rate of the anti-dumping tax and the subsidy tax rate reaches as high as 825.92%.

According to the relevant legal procedures announced by the U.S. Department of Commerce, the U.S. International Trade Commission (ITC) will make a final ruling on anti-dumping industry damage on August 28, 2025.

In addition, on July 14, the U.S. Department of Commerce announced a preliminary anti-dumping ruling on erythritol imported from China, with a preliminary determination that the dumping margin for Chinese producers/exporters is 371.62% (the adjusted margin after offsetting subsidies is 371.53%), and the national unified tax rate for China is 450.64% (the adjusted margin after offsetting subsidies is 450.64%).

Trump: Continue sending tariff letters

On July 15, U.S. President Trump stated that he plans to impose tariffs of more than 10% on smaller countries, including those in Africa and the Caribbean.

On that day, Trump gave an interview to the media at Andrews Air Force Base, saying, "For this segment of the population, every country will be the same." These countries "are not major powers and have a small trade volume with us." He indicated that he might impose tariffs "slightly above 10%" on goods from at least 100 countries.

On the same day, U.S. President Trump announced on social media that the United States would impose a 19% tariff on all imports from Indonesia, while exports from the U.S. to Indonesia would enjoy tariff-free and non-tariff barrier treatment.

According to reports, Trump stated that after talks with Indonesian President Prabowo, both sides reached an important agreement. Under this "milestone agreement," Indonesia "opens its entire market to the United States for the first time."

Trump recently sent letters to the leaders of more than 20 trading partners, stating that starting from August 1, he will impose tariffs ranging from 20% to 50% on these trading partners.

Tariff revenue exceeds 100 billion USD.

On July 11, according to data from the U.S. Treasury, the government recorded a fiscal surplus of over $27 billion in June, in sharp contrast to the $316 billion deficit in May. This is the first fiscal surplus for the U.S. government in June since 2017. Nevertheless, the cumulative deficit for the fiscal year so far still stands at $1.34 trillion.

This transformation is mainly due to the sharp increase in fiscal revenue, especially from tariff income. In June, the total customs tariff reached approximately 27 billion USD, an increase of 17% compared to 23 billion USD in May, and a staggering 301% increase compared to the same period last year.

So far this fiscal year, tariff revenue has reached 113 billion USD, an 86% increase compared to the same period last year, setting a record high for a single fiscal year.

During a cabinet meeting earlier this week, Treasury Secretary Becerra stated that tariff revenue in the United States is expected to reach $300 billion in the calendar year 2025. This forecast is based on the strong performance of tariff revenue so far this year and the ongoing trade protection policies implemented by the Trump administration.