The Tariff Commission of the State Council issued an announcement on the imposition of additional tariffs on certain imported goods originating from the United States

Wallstreetcn
2025.03.04 05:06
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The Tariff Commission of the State Council announced that starting from March 10, 2025, additional tariffs will be imposed on certain imported goods originating from the United States. Specific measures include: a 15% tariff on chicken, wheat, corn, and cotton; a 10% tariff on sorghum, soybeans, pork, beef, seafood, fruits, vegetables, and dairy products. The additional tariffs will not be exempted, and the current bonded and tax exemption policies will remain unchanged. Goods that have been shipped before March 10, 2025, and imported between March 10 and April 12, 2025, will not be subject to additional tariffs

Announcement No. 2 of the Tax Commission for 2025

On March 3, 2025, the U.S. government announced an additional 10% tariff on all goods exported from China to the U.S. on the grounds of fentanyl. The unilateral imposition of tariffs by the U.S. undermines the multilateral trading system, exacerbates the burden on American businesses and consumers, and damages the foundation of economic and trade cooperation between China and the U.S.

In accordance with the "Customs Law of the People's Republic of China," "Foreign Trade Law of the People's Republic of China," and other laws and regulations, as well as the basic principles of international law, and with the approval of the State Council, starting from March 10, 2025, tariffs will be imposed on certain imported goods originating from the U.S. The relevant matters are as follows:

  1. A 15% tariff will be imposed on chicken, wheat, corn, and cotton, with the specific range of goods listed in Attachment 1.

  2. A 10% tariff will be imposed on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products, with the specific range of goods listed in Attachment 2.

  3. For the imported goods listed in the attachments originating from the U.S., the corresponding tariffs will be imposed on top of the currently applicable tariff rates. The existing bonded and tax exemption policies remain unchanged, and the tariffs imposed this time will not be exempted.

  4. Goods that have been shipped from the place of origin before March 10, 2025, and imported between March 10, 2025, and April 12, 2025, will not be subject to the tariffs specified in this announcement.

Attachments: 1. List of goods subject to a 15% tariff

  1. List of goods subject to a 10% tariff

State Council Tariff Commission

March 4, 2025

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