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China Imposed Tariffs On Some $60 Billion Of U.S. Goods

Sep 20, 2018

On July 11, 2018, the U.S. government announced a 10 percent tariff on about $200 billion of goods imported from China, and on August 2 raised the levy to 25 percent.

On September 18, 2018, the us government announced the implementation of the measures to impose tariffs on about us $200 billion of goods imported from China, with a tariff rate of 10 percent from September 24, 2018, and 25 percent from January 1, 2019.

As a result, the trade friction between China and the United States is escalating.

To defend free trade and multilateral institutions and protect its own legitimate rights and interests, China has had to impose tariffs on some of the estimated $60bn of goods it has announced.

According to the foreign trade law of the People's Republic of China regulations on the import and export tariff of the People's Republic of China and other laws and regulations and basic principles of international law, approved by the state council, the state council tariffs commission decided to originating in the United States of 5207 items, about $60 billion in merchandise, imposing a 10% or 5% tariff, since the September 24, 2018 at 12:01 points up.

If the us side insists on further raising the tariff rate, China will respond accordingly, and related matters will be announced separately.

Impose tariffs China once again reiterated that the implementation of the above measures to curb trade friction is the purpose of the upgrade, is for the us unilateralism, the trade protectionism being forced to respond, China hopes the us side to stop the trade friction, the two sides through the dialogue of equality, integrity, pragmatic, respect each other and jointly maintain mutually beneficial and win-win of the overall interests of bilateral economic and trade relations, jointly safeguard the free trade principles and the multilateral trade system, promote the prosperity and development of world economy.