The tariff Commission of the State Council issued an announcement to increase the tariff rate on some imported goods originating in the United States.-Shanghai Metals Market

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The tariff Commission of the State Council issued an announcement to increase the tariff rate on some imported goods originating in the United States.

Translation 08:17:13PM May 13, 2019 Source:Ministry of Finance website

SMM News: tax Committee notice (2019) No. 3

On May 9, 2019, the US government announced that with effect from May 10, 2019, the tariff rate on US $200 billion listed goods imported from China would be increased from 10 per cent to 25 per cent. The above-mentioned measures of the US side have led to the escalation of Sino-US economic and trade frictions, violated the consensus of China and the United States on resolving trade differences through consultation, and damaged the interests of both sides, which is not in line with the general expectations of the international community.

In accordance with laws and regulations such as the Foreign Trade Law of the people's Republic of China, the Import and Export Customs regulations of the people's Republic of China, and the basic principles of international law, the tariff Commission of the State Council decided that as of 0: 00 on June 1, 2019, Increase the tariff rate on some imports originating in the United States. The relevant matters are hereby announced as follows:

1. To increase the tariff rate on some of the commodities in the notice of the tariff Commission of the State Council on imposing tariffs on imported goods originating in the United States of about US $60 billion (notice of the Taxation Committee (2018) No. 8), The tax rate shall be implemented in accordance with the notice of the tariff Commission of the State Council on imposing tariffs on some imported goods (second batch) originating in the United States (Inland Revenue Committee notice (2018) No. 6). That is, an additional tariff of 25 per cent shall be imposed on the 2493 items listed in Annex 1, 20 per cent on the 1078 items listed in Annex 2 and 10 per cent on the 974 items listed in Annex 3. A tariff of 5 per cent is still imposed on 595 items listed in annex 4.

2. Other matters shall be carried out in accordance with the notice of the Inland Revenue Commission (2018) No. 6.

Annex:

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

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

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

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

Tariff Commission of the State Council

May 13, 2019

"Click to view the original announcement

The tariff Commission of the State Council issued an announcement to increase the tariff rate on some imported goods originating in the United States.

Translation 08:17:13PM May 13, 2019 Source:Ministry of Finance website

SMM News: tax Committee notice (2019) No. 3

On May 9, 2019, the US government announced that with effect from May 10, 2019, the tariff rate on US $200 billion listed goods imported from China would be increased from 10 per cent to 25 per cent. The above-mentioned measures of the US side have led to the escalation of Sino-US economic and trade frictions, violated the consensus of China and the United States on resolving trade differences through consultation, and damaged the interests of both sides, which is not in line with the general expectations of the international community.

In accordance with laws and regulations such as the Foreign Trade Law of the people's Republic of China, the Import and Export Customs regulations of the people's Republic of China, and the basic principles of international law, the tariff Commission of the State Council decided that as of 0: 00 on June 1, 2019, Increase the tariff rate on some imports originating in the United States. The relevant matters are hereby announced as follows:

1. To increase the tariff rate on some of the commodities in the notice of the tariff Commission of the State Council on imposing tariffs on imported goods originating in the United States of about US $60 billion (notice of the Taxation Committee (2018) No. 8), The tax rate shall be implemented in accordance with the notice of the tariff Commission of the State Council on imposing tariffs on some imported goods (second batch) originating in the United States (Inland Revenue Committee notice (2018) No. 6). That is, an additional tariff of 25 per cent shall be imposed on the 2493 items listed in Annex 1, 20 per cent on the 1078 items listed in Annex 2 and 10 per cent on the 974 items listed in Annex 3. A tariff of 5 per cent is still imposed on 595 items listed in annex 4.

2. Other matters shall be carried out in accordance with the notice of the Inland Revenue Commission (2018) No. 6.

Annex:

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

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

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

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

Tariff Commission of the State Council

May 13, 2019

"Click to view the original announcement