China has adjusted tariffs on about $75 billion in imports originating in the United States.

On February 6,, the State Council's Committee on Tariffs and Tariffs issued a notice to adjust tariff measures for some imports originating in the United Statesin order to promote the healthy and stable development of Sino-US economic and trade relations, in accordance with the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, the Regulations on Import and Export Tariffs of the People's Republic of China and other laws and regulations and the basic principles of international law, the Committee on Tariffs and Tariffs of the State Council has decided to adjust the tariff measures imposed on imports originating in the United States of about US$75 billionAs of 13:01 on 14 February 2020, the tax rate of goods subject to 10% tariff sdeduction on 1 September 2019 will be adjusted to 5%, and the tax rate for goods with a 5% tariff will be adjusted to 2.5%the tariffs imposed from September 1, 2019, the tariff rate of 10% is like pig scraps, beef, pork, frozen chicken, chicken claws, barley, peanuts, cotton, corn oil, meat bone meal, etc., the above-charged tariff will be levied from February 14 at 13:00 to be halved to 5%;the tariffs imposed from September 1, 2019, the tariff rate of 5% is yellow soybeans, cheese, calcium phosphate, etc., and the above-imposed tariffs will be halved from 13:00 on February 14;xinhua news agency,, February 6, the State Council Committee on Tariffs and Tariffs issued a notice on the 6th, in this regard, the reporter interviewed the relevant person in charge of the office of the Tax Commission: Could you give me a detailed description of the specific situation of this adjustment?A: On August 23, 2019, I implemented the third round of tariff counter-measures against the United States, and issued the "State Council Tariff shipping committee on some imports originating in the United States (third batch) tariff increase notice" (Tax Commission Announcement (2019) No4) and "State Council Tariff Committee on The Announcement of the Resumption of Tariffs on Automobiles and Parts originating in the United States (Tax Commission Bulletin (2019) No5) imposes tariffs of 10% and 5% on about $75 billion of U.Sgoods in two batches, and 25% and 5% on the resumption of U.Sauto and parts, which previously suspended tariffsAmong them, tariff measures on $75 billion in list items were introduced on September 1, 2019, and tariffs on $75 billion of List II goods, as well as on the resumption of tariffs on U.Scars and parts, were scheduled to take effect on December 15, 2019December 15, 2019, the Tax Commission has announced that it will not impose 10% and 5% tariffs on the $75 billion list of goods originally scheduled to be tariffed on the same day, and will continue to suspend tariffs on U.S cars and parts further adjust the tariff response measures by the Tax Commission, from 13:01 on February 14, 2020, the tax rate for goods with a 10% tariff on list 1 of $75 billion has been reduced from 10% to 5%, and for goods with a 5% tariff, the tax rate will be reduced from 5% to 2.5% : What are the considerations for this adjustment? Is there a plan for the next adjustment? : On January 16, 2020, the U.S side announced that, starting from February 14, 2020, the u.S side has imposed a 15% tariff on 120 billion U.S dollars of goods, with tariff increases from 15% to 7.5%, a reduction of 1/2 In order to ease economic and trade frictions and expand economic and trade cooperation, we have simultaneously adjusted the relevant measures the next adjustment, mainly depends on the development and change of the economic and trade situation between China and the United States We hope to work with the United States towards the eventual elimination of all tariff increases : Is the exclusion work also adjusted? : The elimination of tariffs on goods imposed on the United States and Canada will continue as required The previously announced exclusions remain in force table.hy-tab (font-size: 12px; margin: 20px 0; width: 100%; border-collapse: collapse; text-align: left; line-height: 22px; table.hy-tab td (border: 1px solid #000; p: 4px 6px; margin: 0; table.hy-tab td h2, .hy-tab td h4 .margin: 0; p:0adding; table.hy-tab td.tit_bg .background: #fda; text-align:center; table.hy-tab td.tit_bg1 .background: #f00; text-align:center; table.hy-tab td p .margin: 6px 0 ; On February 6th the State Council's Committee on Tariffs and Tariffs issued a notice to adjust tariff measures for some imports originating in the United States in order to promote the healthy and stable development of Sino-US economic and trade relations, in accordance with the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China, the Regulations on Import and Export Tariffs of the People's Republic of China and other laws and regulations and the basic principles of international law, the Committee on Tariffs and Tariffs of the State Council has decided to adjust the tariff measures imposed on imports originating in the United States of about US$75 billion As of 13:01 on 14 February 2020, the tax rate of goods subject to 10% tariff sdeduction on 1 September 2019 will be adjusted to 5%, and the tax rate for goods with a 5% tariff will be adjusted to 2.5% the tariffs imposed from September 1, 2019, the tariff rate of 10% is like pig scraps, beef, pork, frozen chicken, chicken claws, barley, peanuts, cotton, corn oil, meat bone meal, etc., the above-charged tariff will be levied from February 14 at 13:00 to be halved to 5%; the tariffs imposed from September 1, 2019, the tariff rate of 5% is yellow soybeans, cheese, calcium phosphate, etc., and the above-imposed tariffs will be halved from 13:00 on February 14; xinhua news agency, , February 6, the State Council Committee on Tariffs and Tariffs issued a notice on the 6th, in this regard, the reporter interviewed the relevant person in charge of the office of the Tax Commission : Could you give me a detailed description of the specific situation of this adjustment? A: On August 23, 2019, I implemented the third round of tariff counter-measures against the United States, and issued the "State Council Tariff shipping committee on some imports originating in the United States (third batch) tariff increase notice" (Tax Commission Announcement (2019) No 4) and "State Council Tariff Committee on The Announcement of the Resumption of Tariffs on Automobiles and Parts originating in the United States (Tax Commission Bulletin (2019) No 5) imposes tariffs of 10% and 5% on about $75 billion of U.S goods in two batches, and 25% and 5% on the resumption of U.S auto and parts, which previously suspended tariffs Among them, tariff measures on $75 billion in list items were introduced on September 1, 2019, and tariffs on $75 billion of List II goods, as well as on the resumption of tariffs on U.S cars and parts, were scheduled to take effect on December 15, 2019 December 15, 2019, the Tax Commission has announced that it will not impose 10% and 5% tariffs on the $75 billion list of goods originally scheduled to be tariffed on the same day, and will continue to suspend tariffs on U.S cars and parts further adjust the tariff response measures by the Tax Commission, from 13:01 on February 14, 2020, the tax rate for goods with a 10% tariff on list 1 of $75 billion has been reduced from 10% to 5%, and for goods with a 5% tariff, the tax rate will be reduced from 5% to 2.5% : What are the considerations for this adjustment? Is there a plan for the next adjustment? : On January 16, 2020, the U.S side announced that, starting from February 14, 2020, the u.S side has imposed a 15% tariff on 120 billion U.S dollars of goods, with tariff increases from 15% to 7.5%, a reduction of 1/2 In order to ease economic and trade frictions and expand economic and trade cooperation, we have simultaneously adjusted the relevant measures the next adjustment, mainly depends on the development and change of the economic and trade situation between China and the United States We hope to work with the United States towards the eventual elimination of all tariff increases : Is the exclusion work also adjusted? : The elimination of tariffs on goods imposed on the United States and Canada will continue as required The previously announced exclusions remain in force .