Posted on 09/08/2018 in category Legislation

China Official Statement:

The State Council Customs Tariff Commission issued an announcement to impose tariffs on imports of approximately US$16 billion from the United States. 

August 8, 2018 Source: Office of the Customs Tariff Commission of the State Council
With the approval of the State Council, the Customs Tariff Commission of the State Council decided to list the tariffs on the US and Canada in the Notice of the Customs Tariff Commission of the State Council on the Tariffs on Imports of US$50 Billion Imports from the US (Announcement of the Taxation Committee [2018] No. 5) After the appropriate adjustment of the second commodity, the tariff of 25% will be imposed as from August 23, 2018.
According to the opinions of relevant departments, industry associations and enterprises, in order to protect the interests of domestic consumers and enterprises to the greatest extent, the list of taxable goods has been appropriately adjusted. The specific commodity range is about the State Council Tariff Commission on the origin of about 16 billion in the United States. The Notice of Adding Tariffs on Imports of US Dollars (Announcement of the Taxation Committee [2018] No. 7) shall prevail.
Other matters are still implemented in accordance with the Notice of the Taxation Commission [2018] No. 5.

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