20 Sept 2018
China to Impose Additional Tariffs on US$60 Billion Worth of US Imports from 24 September
Following the US government announcement that, as of 24 September, additional tariffs of 10% will be imposed on US$200 billion worth of Chinese imports, with this additional tariff rising to 25% from 1 January 2019, China’s Ministry of Commerce (MOFCOM) has announced its official response. In a statement issued on 18 September, the MOFCOM committed China to “defending its legitimate rights in accordance with the Foreign Trade Law and the basic principles of international law.” In line with this, as of 24 September, China will levy a number of additional tariffs on US imports (as listed in the appendices of the Ministry of Commerce Announcement No 63 (2018) on Levying Additional Tariffs on Some Goods (Second Batch) Originating in the US and Customs Tariff Commission Announcement No 6 (2018)).
The new tariffs will be applied as follows:
- An additional 10% on 2,493 categories in Appendix 1 and on 1,078 categories in Appendix 2
- An additional 5% on 974 categories in Appendix 3 and on 662 categories in Appendix 4
For further details, please visit the following links: