"In order to protect China's interests and balance the losses caused by the United States’ imposed tariffs (i.e. 232 measures) on imported steel and aluminum products to China's interests, the Customs Tariff Commission of the State Council has decided to suspend duty concessions on certain imported products originating in the United States," the State Council Customs Tariff Commission said.
To suspend tariff reduction obligations on 120 imported products such as fruits and other products originating in the United States, China has imposed additional tariffs on the basis of the current applied tariff rates and has imposed a tariff rate of 15%, according to the State Council statement.
READ MORE: China Warns US of 'Serious Consequences and Negative Impact' of Trade War
Eight imported goods such as pork and products originating in the United States shall be subject to tariff reduction obligations. Tariffs shall be imposed on the basis of the current applied tariff rates, and the tariff rate shall be increased by 25%.
The current policy of taxation, tax relief, and tax exemption remains unchanged.
中国对美国128项进口商品加征关税(附清单) https://t.co/07ICgASOFc #中国 #美国 #关税 pic.twitter.com/zsFi3mXW2n
— 头条流看世界 (@headlineflow_cn) April 1, 2018
— 中国新闻社 (@CNS1952) April 1, 2018
— Dr. Thomas Hoke (@hoke_thomas) April 1, 2018
READ MORE: China Warns US Against Opening 'Pandora's Box'
On March 8, 2018, US President Trump signed an announcement confirming that imported steel and aluminum products threatened US national security and decided to impose tariffs (i.e. 232 measures) on imported steel and aluminum products beginning from March 23.
