(List) China imposes tariffs on US$75 billion worth of impor

(List) China imposes tariffs on US$75 billion worth of imported goods; and imposes tariffs on US auto and parts recovery!



 
1. China has decided to impose tariffs on imports of approximately US$75 billion from the United States!
 
On August 23, the State Council Customs Tariff Commission issued an announcement:
 
On August 15, 2019, the US government announced that it would impose a 10% tariff on approximately US$300 billion of goods imported from China, which will be implemented in two batches from September 1 and December 15, 2019. The US measures have led to the continuous escalation of Sino-US economic and trade frictions, which have greatly harmed the interests of China, the United States and other countries, and have also seriously threatened the multilateral trading system and the principle of free trade.
 
According to the "Customs Law of the People's Republic of China", "The Foreign Trade Law of the People's Republic of China", "Regulations on Import and Export Tariffs of the People's Republic of China" and other basic laws and principles of international law, the Customs Tariff Commission of the State Council decides on 5078 tax items originating in the United States. US$75 billion in imported goods is subject to tariffs.
 
The relevant matters are as follows:
 
①Since 12:01 on September 1, 2019,
 
A 10% tariff is imposed on 270 items of tax items listed in the first part of Annex 1.
A 10% tariff is imposed on the 646 items of tax items listed in the second part of Annex 1.
A tariff of 5% is imposed on the 64 items of tax items listed in the third part of Annex 1.
A 5% tariff is imposed on 737 items of tax items listed in Part IV of Annex 1.
 
The specific product range is shown in Annex 1.
 
②From 12:01 on December 15, 2019.
 
A 10% tariff is imposed on the 749 items of tax items listed in the first part of Annex 2.
A 10% tariff is imposed on 163 items of tax items listed in the second part of Annex 2.
A 5% tariff is imposed on the 634 items of tax items listed in the third part of Annex 2.
A tariff of 5% is imposed on 1815 items of tax items listed in Part IV of Annex 2.
 
The specific product range is shown in Annex 2.
 
③For the imported goods listed in the annexes originating in the United States, the corresponding tariffs shall be levied on the basis of the current applicable tariff rate. The current bonded, tax reduction and exemption policies shall remain unchanged, and the tariffs imposed shall not be reduced.
 
④ The calculation of relevant import taxes:
 
Adding customs duty tax = customs duty-paid price × increasing tariff rate
Tariff = the amount of tax payable at the current applicable tax rate + the amount of tariff
The value-added tax and consumption tax on import links are calculated in accordance with relevant laws and regulations.
 
2. China imposes tariffs on the recovery of automobiles and parts originating in the United States
 
On August 23, the State Council Customs Tariff Commission issued an announcement:
 
In order to implement the consensus of the Argentine meeting between the heads of state of China and the United States, on December 14, 2018, the State Council Customs Tariff Commission issued a notice to suspend tariffs on cars and parts originating in the United States from January 1, 2019. month. On March 31, 2019, the Customs Tariff Commission of the State Council issued an announcement. From April 1, 2019, it will continue to impose tariffs on vehicles and parts originating in the United States, and the deadline for the suspension of tariff increases will be announced separately.
 
On May 9, 2019, the US government announced that since May 10, 2019, the tariff rate imposed on the $200 billion list of goods imported from China has increased from 10% to 25%. On August 15, 2019, the US government announced that it would impose a 10% tariff on approximately US$300 billion of goods imported from China, which will be implemented in two batches from September 1 and December 15, 2019. The above measures by the US led to the continuous escalation of Sino-US economic and trade frictions, which seriously violated the consensus of the two heads of state of Argentina and the consensus of the Osaka meeting.
 
According to the Customs Law of the People's Republic of China, 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 basic laws and principles of international law, the Customs Tariff Commission of the State Council decides that at 12:01 on December 15, 2019. Since then, tariffs have been imposed on the recovery of automobiles and parts originating in the United States.
 
The relevant matters are hereby announced as follows:
 
① Responsible for the collection of 28 tax items listed in Annex 1 of the State Council Customs Tariff Commission's Notice on Suspension of Customs Duties on Automobiles and Parts Originating in the United States (Announcement of the Taxation Commission [2018] No. 10) The Customs Tariff Commission has imposed a 25% tariff on the Notice of Adding Tariffs to Imports of US$50 Billion in Imported Goods (Announcement of the Taxation Commission [2018] No. 5).
 
② To renew the levy on the 116 tax items listed in Annex 2 of the Taxation Commission [2018] No. 10, the State Council Customs Tariff Commission's Notice on Adding Tariffs to Imported Goods of About US$16 Billion from the United States (Tax Commission) Announcement [2018] No. 7) imposed a 25% tariff.
 
③ Reimbursement of the 67 Articles of Taxation Items listed in Annex 3 of the Taxation Commission [2018] No. 10, “Announcement of the Customs Tariff Commission of the State Council on the Implementation of Tariffs on Goods Imported from the United States of About US$60 Billion” (TAC) Announcement [2018] No. 8) is subject to a 5% tariff.
 
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