TIL Desk/Business/Beijing/ China on Saturday unveiled a list of products from the United States that will be subject to additional tariffs in response to US announcement to impose additional duties on Chinese imports. Approved by the State Council, the Customs Tariff Commission of the State Council decided to impose additional duty of 25 per cent on 659 items of US products worth about 50 billion US.
Additional tariffs for 545 items worth about 34 billion US dollars, including agricultural products, vehicles and aquatic products, will be effective from July 6, 2018, according to a statement of the commission. The implementation date for imposing additional tariffs on the rest of the items will be announced later.
The decision has been made in line with relevant stipulations of the Foreign Trade Law of China and the Regulations of the People’s Republic of China on Import and Export Duties, as well as the fundamental principles of international laws, said the statement. On Friday, the United States announced additional tariffs of 25 percent on Chinese imports worth approximately 50 billion US dollars.
