State Department: impose tariffs on US $50 billion imports cargoes from the United States

The Customs Tariff Commission of the State Council issued a notice on the 16 day of importing tariffs on US $50 billion imports.

In June 15, 2018, the United States government issued a list of goods added to the tariff, which would impose a tariff of 25% on the imports of about $50 billion from China, of which about $34 billion of goods were imposed from July 6, 2018, and at the same time, the public opinion was solicited for a tariff of about $16 billion. The US side has violated the rules related to the world trade organization. It is contrary to the consensus reached between the two sides of the United States and the United States, which seriously infringes our legitimate rights and interests and threatens the interests of our country and the people.

According to the laws and regulations of the People's Republic of China foreign trade law, the import and export tariff regulations of the People's Republic of China and the basic principles of international law, the State Council Customs and Tax Commission decided to impose a tariff of 25% on 659 items of imported goods originating in the United States, of which 545 items were about $34 billion from 6 July 2018. The implementation time of additional tariffs will be announced on the other day. The following matters are as follows:

First, impose tariffs on 545 commodities such as agricultural products, automobiles and aquatic products since July 6, 2018.

Two, the implementation time of tariffs on chemical products, medical equipment, energy products and other 114 items will be announced separately.

Three,the import goods listed in the attached Tables 1 and 2 originating in the United States are charged with a tariff of 25% on the basis of the current taxation mode and the applicable tariff rate, and the current bonded and tax relief policy is unchanged, and the tariff imposed is not reduced.

Four,the formula for calculating import taxes after tariff increases:

Tariff = applicable tariff rate calculated at the current applicable tax rate + customs duty paid price * tariff rate.

Ad valorem rate, commodity import link consumption tax = import link consumption tax, taxable price * consumption tax proportional tax rate

From the import quota of commodity quota consumption tax = import quantity * consumption tax fixed rate

Compound tax goods import link consumption tax = import link consumption tax taxable price * consumption tax proportional tax + import quantity * consumption tax fixed rate

Ad valorem rate, commodity import link, consumption tax, taxable price = (customs duty paid price + tariff) (1 - consumption tax proportional tax rate)

The price of the consumption tax in the import part of the compound taxable commodity = (tariff, tariff, import quantity, consumption tax fixed rate)

Import value-added tax = import value-added tax tax price * import link value-added tax rate

Import value added tax tax price = customs duty paid + tariff + import link consumption tax

We Henan TMR Al hope that the US government could keep the words and main a healthy relationship on both sides.