The State Council Customs Tariff Commission’s Decision on Some Imported Goods Originated in the United StatesAnnouncement of tariff increase (second batch)
Announcement No.6 [2018] of the Tax Commission

On July 11, 2018, the US government issued a measure to impose tariffs on about $200 billion of goods imported from China, and solicited public opinions on this measure. On August 2, the United States announced that it planned to increase the tariff rate on the above-mentioned $200 billion goods from 10% to 25%. The measures taken by the United States deviate from the consensus reached by the two sides in many consultations, which leads to the escalation of trade friction between China and the United States, which seriously violates the relevant rules of the World Trade Organization and harms China’s national interests and people’s interests.

According to People’s Republic of China (PRC)’s Foreign Trade Law, People’s Republic of China (PRC)’s Import and Export Tariff Regulations and other laws and regulations and the basic principles of international law, the State Council Customs Tariff Commission decided to impose tariffs on 5,207 imported goods originating in the United States. This measure involves about 60 billion US dollars in import trade from the United States. The relevant matters are as follows:

1. Impose a tariff of 25% on 2493 items listed in Annex 1, 20% on 1078 items listed in Annex 2, 10% on 974 items listed in Annex 3, and 5% on 662 items listed in Annex 4. See Annexes 1 to 4 for the specific commodity ranges.

2. For the imported goods listed in the annex originating in the United States, corresponding tariffs will be levied on the basis of the current taxation method and applicable tariff rate, and the current policies of bonded and tax reduction and exemption will remain unchanged, and the tariffs imposed this time will not be reduced or exempted.

Iii. Collection of relevant import taxes:

Additional tariff = customs value × additional tariff rate

Tariff = payable tariff calculated according to the current applicable tax rate+additional tariff.

Import value-added tax and consumption tax shall be levied according to relevant laws and regulations.

Fourth, the implementation date will be announced separately.

Attachment:

1. List of goods subject to 25% tariff on the United States and Canada

2. List of goods subject to 20% tariff on the United States and Canada

3. List of goods subject to 10% tariff on the United States and Canada

4. List of goods subject to 5% tariff on the United States and Canada

The State Council Customs Tariff Commission
August 3, 2018