China imposes tariffs on some goods originating in the United States

On May 9, 2019, the U.S. government announced that the tariff rate on goods imported from China with a list of $200 billion would increase from 10% to 25% from May 10, 2019. The above measures led to the escalation of Sino-US economic and trade frictions, violated the consensus of the two sides on resolving trade differences through consultation, harmed the interests of both sides, and did not meet the general expectations of the international community.

In accordance with laws, regulations and basic principles of international law, such as the Foreign Trade Law of the People's Republic of China, the Import and Export Tariff Regulations of the People's Republic of China, the Committee on Tariff Principles of the State Council decided to raise tariff rates on some imports originating in the United States from 10:00 on June 1, 2019. The relevant matters are hereby announced as follows:

1. To raise the tariff rate on some of the goods in the Notice of the State Council Tariff Commission on Import Tariffs on Imports Originating in the United States of America of about 60 billion US dollars (the Notice of the Tax Commission [2018]8), according to the State Council Tariff Commission on Imports Originating in the United States of America (the second batch). The tax rate of the Notice of Tariffs (Notice No. 2018 of the Tax Commission) shall be implemented. That is to say, an additional 25% tariff will be imposed on 2493 items listed in Annex 1, 20% on 1078 items listed in Annex 2, and 10% on 974 items listed in Annex 3. For 595 items listed in Annex 4, an additional 5% tariff is still imposed.

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

Annex:

1. To impose a 25% tariff on the U.S. list of goods

2. Implementing a 20% tariff increase on the US list of goods

3. Implementing a 10% tariff on the United States list of goods

4. Implementing a 5% Tariff Commodity List

State Council Tariff and Tax Commission