China's New Tariffs on US Goods Officially Took Effect on February 10

As one of the countermeasures to the US government's 10% tariff on all Chinese products, China's decision to impose tariffs on some US products took effect on February 10.

According to the State Council Tariff Commission on February 4, China will impose a 15% tariff on imported coal and liquefied natural gas originating from the United States, and a 10% tariff on crude oil, agricultural machinery, large-displacement cars, and pickup trucks.

The State Council Tariff Commission listed the specific products to be subject to tariffs in the annex. For the products subject to tariffs, corresponding tariffs will be imposed on the basis of the current tariff rates. The current bonded policy and tax reduction and exemption policies remain unchanged, and the latest tariffs will not be reduced or exempted.

China's National Development and Reform Commission pointed out that this move is in line with the basic principles of international law and in line with China's Tariff Law, Foreign Trade Law, Customs Law and other laws and regulations.

The statement pointed out that the US unilateral tariff increase seriously violates the rules of the World Trade Organization. Not only can it not solve the US's own problems, it will also damage the normal economic and trade cooperation between China and the United States.

On February 4, China's Ministry of Commerce announced that China has filed a lawsuit with the WTO dispute settlement mechanism against the United States for raising tariffs to safeguard its own rights and interests. The Ministry of Commerce also announced that China has decided to include two American companies (PVH Corp. and Illumina, Inc.) in China's unreliable entity list.

On the same day, China's State Administration for Market Regulation stated that it has launched an investigation into Google for suspected violations of the country's anti-monopoly law.

On the same day, China's Ministry of Commerce and the General Administration of Customs issued a joint statement announcing the implementation of export controls on tungsten, tellurium, bismuth, molybdenum, and indium-related items.