Interpretation of China's list of tariffs on US $50 billion imports

Release time:

2018-06-19

The relevant person in charge of the Office of the Customs Tariff Commission of the State Council stated on the 16th that on June 15, 2018, the U.S. government announced that it would impose a 25% tariff on about 50 billion U.S. dollars of goods imported from China, of which about 34 billion U.S. dollars of goods will be implemented since July 2018. Tariff measures will be imposed on 6th, and public opinions will be solicited for additional tariffs on about 16 billion U.S. dollars of goods. The US approach violates the relevant rules of the World Trade Organization, runs counter to the consensus reached in the economic and trade consultations between China and the United States, seriously infringes on our legitimate rights and interests, and harms the interests of our country and people. China firmly opposes it. The United States to me thousands of kinds, gold

The US side imposed a 25% tariff on thousands of commodities worth about US $50 billion, which will substantially change the terms of trade of these commodities with the United States, and affect the production and operation of the production enterprises and trading enterprises of these commodities and their upstream and downstream related enterprises. Therefore, in accordance with the basic principles of international law and in accordance with the provisions and authorization of laws and regulations such as the foreign trade law of the people's Republic of China and the import and export tariff regulations of the people's Republic of China, China has decided to impose the same degree of tax on imported goods of the same amount from the United States, so as to defend its legitimate rights and interests.

China has noted that the United States issued a statement saying that if China takes retaliatory measures, the United States will continue to add additional tariffs. In this regard, China will reserve the right to take corresponding measures.

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