The State Council Customs Tariff Commission’s Decision on Some Imported Goods Originated in the United States(Third batch) Announcement of tariff increase
Announcement No.4 [2019] of the Tax Commission
On August 15th, 2019, the US government announced that it would impose a 10% tariff on about $300 billion of goods imported from China, which will be implemented in two batches from September 1st to December 15th, 2019. The measures taken by the United States 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 seriously threatened the multilateral trading system and the principle of free trade.
According to People’s Republic of China (PRC) Customs Law, People’s Republic of China (PRC) Foreign Trade Law, People’s Republic of China (PRC) 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 5078 tax items and about 75 billion US dollars of imported goods originating in the United States. The relevant matters are as follows:
1. From 12: 01 on September 1, 2019, a tariff of 10% will be imposed on 270 items listed in the first part of Annex 1, 10% on 646 items listed in the second part of Annex 1, 5% on 64 items listed in the third part of Annex 1 and 5% on 737 items listed in the fourth part of Annex 1.
2. From 12: 01 on December 15th, 2019, a tariff of 10% will be imposed on 749 items listed in the first part of Annex 2, 10% on 163 items listed in the second part of Annex 2, 5% on 634 items listed in the third part of Annex 2 and 5% on 1815 items listed in the fourth part of Annex 2.
Three, for the imported goods listed in the annex originating in the United States, the corresponding tariffs will be levied on the basis of the current applicable tariff rate, and the current bonded and tax reduction and exemption policies will remain unchanged, and the additional tariffs will not be reduced.
Four, the relevant import tax levy:
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.
Annex: 1. List I
2. Listing 2
The State Council Customs Tariff Commission
August 23, 2019