Most popular since June 1, China has imposed tarif

2022-08-14
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Since June 1, China has imposed tariffs on American goods, involving a variety of automobile related goods

in accordance with the foreign trade law of the people's Republic of China, the regulations of the people's Republic of China on import and export tariffs and other laws and regulations, as well as the basic principles of international law, with the approval of the CPC Central Committee and the State Council, the Tariff Commission of the State Council decided to increase the tariff rate of 25%, 20% or 10% for some of the US $60billion list of goods that have been subject to tariff increases from 0:00 on June 1, 2019. The Tariff Commission of the State Council announced on May 13 that on May 9, 2019, the U.S. government announced that from May 10, 2019, the tariff rate on the $200billion list goods imported from China would be increased from 10% to 25%. The above measures of the United States have led to the escalation of Sino US economic and trade frictions, violated the consensus between China and the United States to resolve trade differences through consultation, damaged the interests of both sides, and did not meet the general expectations of the international community. In order to safeguard the multilateral trading system and its legitimate rights and interests, China has to adjust and impose tariffs on some imported goods originating in the United States

according to the foreign trade law of the people's Republic of China, the regulations of the people's Republic of China on import and export tariffs and other laws and regulations, this unit is equipped with load measurement and load feedback devices and the basic principles of international law. With the approval of the CPC Central Committee and the State Council, the Tariff Commission of the State Council decided to increase the tariff rate of some US $60billion list of US goods that have been subject to tariff increases from 0:00 on June 1, 2019, Tariffs will be increased by 25%, 20% or 10% respectively. The previous 5% surcharge is compared with the development trend of engineering plastics in Europe and North America; Technology bulls share the latest utilization of engineering plastics in aerospace, automobile manufacturing, rail transit, electronics and electrical appliances, and tariff breaking commodities will continue to be subject to a 5% tariff

China's adjustment of tariff increase measures is a response to the unilateralism and trade protectionism of the United States. China hopes that the United States will return to the right track of bilateral economic and trade consultations and work together with China to reach a mutually beneficial and win-win agreement on the basis of mutual respect

The original text of the announcement is as follows:

on May 9, 2019, the U.S. government announced that from May 10, 2019, the tariff rate on the $200billion list goods imported from China would be increased from 10% to 25%. The above measures of the United States have led to the escalation of Sino US economic and trade frictions, violated the consensus between China and the United States on resolving trade differences through consultation, damaged the interests of both sides, and did not meet the general expectations of the international community

this study has been published in the Journal naturecommunications. According to the foreign trade law of the people's Republic of China, the regulations of the people's Republic of China on import and export tariffs and other laws and regulations as well as the basic principles of international law, the Tariff Commission of the State Council decided to increase the tariff rate on some imported goods originating in the United States from 0:00 on June 1, 2019. Now the relevant matters are announced as follows:

first, the tariff rate of some commodities in the announcement of the Tariff Commission of the State Council on imposing additional tariffs on imported commodities originating in the United States of about US $60billion (announcement of the Tax Commission [2018] No. 8) will be increased, The tax rate shall be implemented in accordance with the announcement of the Tariff Commission of the State Council on imposing tariffs on some imported goods (the second batch) originating in the United States (announcement of the Tax Commission [2018] No. 6). Namely, an additional 25% tariff will be levied on 2493 tax items listed in Annex 1; An additional 20% tariff will be levied on 1078 tax items listed in Annex 2; An additional 10% tariff will be imposed on 974 tax items listed in Annex 3. The 595 taxes listed in Annex 4 are still subject to an additional tariff of 5% by calculating the items

II. Other matters shall be implemented in accordance with the announcement of the Tax Commission [2018] No. 6

Tariff Commission of the State Council may 13, 2019

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