On December 30, 2024, the Customs Tariff Commission of the State Council issued an announcement to thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the second and third plenary sessions of the 20th Central Committee. The announcement aims to fully leverage the macro-regulatory role of tariffs, support the development of new productive forces, accelerate the construction of a strong trading nation, and steadily advance the modernization of China. In accordance with the "Customs Law of the People's Republic of China" and relevant regulations, adjustments will be made to the import tariff rates and tariff items for certain goods starting January 1, 2025. The original text is as follows: Announcement of the Customs Tariff Commission of the State Council on the 2025 Tariff Adjustment Plan
SMM has summarized the import and export tariff information for 2023-2025 as follows:
The aluminum products involved in imports are as follows:
A comparison shows that the import tariffs on unprocessed aluminum and secondary aluminum alloy raw materials (aluminum scrap), as well as alumina raw materials, remain unchanged, with the provisional import tariff rate still maintained at 0%.
The export tariffs on aluminum products are as follows:
A comparison shows that the tariffs on 24 aluminum-related HS codes for 2025 remain unchanged compared to 2024.
(The above information is based on market collection and comprehensive evaluation by the SMM research team. The information provided in this article is for reference only and does not constitute direct investment research advice. Clients should make decisions cautiously and not replace independent judgment with this information. Any decisions made by clients are unrelated to SMM.)
Data Source: SMM Click on the SMM Industry Database for more information
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