The State Council announced its decision to impose an additional customs duty tariff of 25% on 659 products imported from the United States, with imposition of the new tariff on certain imports to be effective 6 July 2018.
The 25% customs duty is pursuant to Chinese regulations on import and export duties, and is in reaction to tariffs being imposed by the United States (also effective beginning 6 July 2018). Read TradeNewsFlash
Beginning 6 July 2018, China will begin to collect additional duties on 545 imported products from United States including agricultural products, vehicles, and aquatic products. China will also collect additional duties on 114 imported products from United States including chemical products, medical equipment, and energy products. The date of implementation will be announced separately. Currently, the list is available only in Chinese.
The imported products originating in United States will be levied on the prevailing tariff policy basis. The additional imposed tariff duty will be based on a multi-step calculation formula.
For more information, contact a KPMG trade and customs professional in China:
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