With the approval of the department of state, the committee on customs and excise of the department of state decided to suspend duty concessions on some imports originating in the united states, effective 2 april 2018。
General customs:
In order to safeguard our interests and balance the losses caused to our interests by the imposition of tariffs by the united states on imports of steel and aluminium products (i. E., measure 232), the department of state customs tariffs committee decided to suspend its duty to reduce some imports originating in the united states. The relevant questions are as follows:
1. To suspend duty concessions on 120 imported commodities originating in the united states, such as fruits and products, and to impose duties on the basis of the applicable current tariff rates of 15 per cent。
2. To suspend duty concessions on eight imported goods originating in the united states, such as pork and products, and to impose duties on the basis of the current applicable tariff rates of 25 per cent。
The current policy of tax coverage and tax relief remains unchanged。
Iv. The formula for the calculation following the imposition of tariffs:
Tariff = tariff completion price x (current applicable tariff rate + tariff rate added)
Consumption tax on imports = consumption tax rate on imports x consumption tax on imports
Import-cycle excise tax-based prices = (tariff-excise price + tariffs)/(1-import-cycle excise tax rates)
Value added tax on imports = value added tax (vat) rate on imports x value added tax on imports
Value-added tax (vat) tax value for imports = tariff completion price + tariff + consumer tax for imports
This notification shall become effective on 2 april 2018。
This information is being communicated。
My country advocates and supports the multilateral trading system, and the suspension of tariff concessions to the united states is a legitimate initiative by my country to use world trade organization rules to defend our interests。
Annex: list of goods subject to a moratorium on tariff concessions to the united states and tariff escalation
Department of commerce response to tariff escalation on united states imports: hopes that measures that violate wto rules will be lifted as soon as possible
The committee on customs tariffs of the state council decided to impose a 15 per cent or 25 per cent tariff on 128 products imported from the united states, effective 2 april 2018. The press spokesman of the department of commerce made a statement in this regard。
On 23 march, the department of commerce issued a list of suspended concessions for united states imports of steel and aluminium 232 and sought public opinion. On 31 march, the period for comments was closed. During the review, a large number of people expressed their support for the measures and product lists, including by telephone, e-mail, in favour of measures taken by the government to safeguard the interests of the state and industry, and some suggested that measures be increased. As a result of the assessment, it was decided to implement the above-mentioned measures for 128 products imported from the united states。
China believes that the measures taken by the united states to import steel and aluminium products, the abuse of the wto “security exception” clause, which in essence constitute safeguards, and the targeting of only a few countries, constitute a serious violation of the principle of non-discrimination, which is the cornerstone of the multilateral trading system, and of china's interests. On 26 march, china submitted to the united states at wto a request for trade compensation consultations under the safeguards agreement, and the united states refused to respond. In view of the lack of agreement between the two sides, on 29 march, china informed wto of the suspension of the list of concessions and decided to impose tariffs on some products imported from the united states in order to balance the losses of interest caused to china by the 232 measures of the united states。
China's suspension of some of its obligations to the united states was a legitimate right of china as a member of wto. It was to be hoped that measures that violated wto rules would be withdrawn as soon as possible and that trade between china and the united states in related products would be put back on track. As the two largest economies in the world, cooperation is the only right option. The two sides should address each other's concerns through dialogue and consultation, achieve common development and avoid further damage to the general situation of cooperation between china and the united states as a result of follow-up action。
