What is the average tariff rate in Japan?

In 2007, the average applied rate for all goods is 1.8 percent. Specifically, 10.1 percent for agricultural products, 4.6 percent for fish and fish products, and 1.7 percent for wood, pulp, paper and furniture. Full details of the tariff schedule are available in the table of Customs Tariff Schedules of Japan. 2.

Will US tariffs affect energy storage?

There have also been indications that the US administration may consider other tariff proposals impacting energy storage, such as a 10–20% universal tariff, tariffs of up to 60% across the board on Chinese-origin goods, and tariffs of 25% on Mexican and Canadian origin goods.

Which international trade issues will remain a concern for energy storage projects?

Two major areas of international trade that will remain causes of concern for energy storage projects are the application of tariffs and supply chain integrity.

How does tariff risk affect a battery energy storage system (BESS) project?

Mitigating tariff risk in battery energy storage system (BESS) projects is crucial for ensuring project financial viability, as tariff changes can significantly affect cost structures and overall project economics.

Are tariff changes a project risk?

While tariff and trade changes are usually perceived as a project risk, EPC contractors generally have discretion as to the timing and sourcing of project equipment and materials and, arguably, can reduce their exposure to tariff changes and trade policy.

How is consumption tax calculated on imported goods?

The amount of consumption tax payable on imported goods is calculated on the basis of the Customs value of the goods plus Customs duty payable and, where applicable, other excise taxes payable. Back to contents Other Internal Taxes