With the approval of the State Council, the Customs Tariff Commission of the State Council has decided to list the tariffs on the US and Canada in the Notice of the Customs Tariff Commission of the State Council on the Tariffs on Imports of US$50 Billion Imports from the US (Announcement of the Taxation Committee [2018] No. 5) After the appropriate adjustment of the second commodity, the tariff of 25% will be imposed from 12:01 on August 23, 2018.
According to the opinions of relevant departments, industry associations and enterprises, in order to protect the interests of domestic consumers and enterprises to the maximum extent, the list of taxable goods has been appropriately adjusted. The specific commodity range is about the State Council Tariff Commission for about 16 billion yuan originating in the United States. The Notice of Adding Tariffs on Imports of US Dollars (Announcement of the Taxation Committee [2018] No. 7) shall prevail.
Other matters are still implemented in accordance with the Notice of the Taxation Commission [2018] No. 5.
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