Announcement No.1 of 2025 of the Tax Commission
On February 1, 2025, the US government announced that it would impose a 10% tariff on all goods exported from China to the United States on the grounds of fentanyl and other issues. The unilateral imposition of tariffs by the United States is a serious violation of the rules of the World Trade Organization, which is not only not conducive to solving its own problems, but also undermines the normal economic and trade cooperation between China and the United States.
According to People’s Republic of China (PRC) Customs Law, People’s Republic of China (PRC) Customs Law, People’s Republic of China (PRC) Foreign Trade Law and other laws and regulations and the basic principles of international law, with the approval of the State Council, tariffs will be imposed on some imported goods originating in the United States from February 10, 2025. The relevant matters are as follows:
1. Impose a 15% tariff on coal and liquefied natural gas. See Annex 1 for the specific commodity range.
2. Impose a 10% tariff on crude oil, agricultural machinery, large-displacement vehicles and pickup trucks. See Annex 2 for the specific commodity range.
Three, for the imported goods listed in the annex originating in the United States, the corresponding tariffs will be levied on the basis of the current applicable tariff rate, and the current bonded and tax reduction and exemption policies will remain unchanged, and the additional tariffs will not be reduced.
Annex: 1. List of goods subject to 15% tariff
2. List of goods subject to 10% tariff
The State Council Customs Tariff Commission
February 4, 2025