Customs Tariff Commission: To halve additional tariffs on U.S. goods worth USD75 billion
2020-02-06 17:29:08 [Print]
On 6 February, Customs Tariff Commission of the State Council announced that it will adjust additional tariffs on some U
In addition to the abovementioned measures, other additional tariffs on U.S . goods will continue to be implemented as stipulated and the additional tariff exclusion process is still underway.
. S . goods . In order to promote healthy and stable development of China-U . S . trade relationship, Customs Tariff Commission decided in accordance with relevant laws and regulations as well as basic principles of International Law to adjust additional tariffs on U . S . goods worth approximately USD75 billion . The additional tariffs of 10% and 5% that took effect on 1 September, 2019 will be adjusted to 5% and 2 . 5% respectively, effective from 13:01 of 14 February, 2020. In addition to the abovementioned measures, other additional tariffs on U.S . goods will continue to be implemented as stipulated and the additional tariff exclusion process is still underway.