Expert: Chinas tariff rate on automobiles to the United States will be as high as 50percent.

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 Expert: Chinas tariff rate on automobiles to the United States will be as high as 50percent.


China imposes tariffs on the recovery of automobiles and parts originating in the United States

In order to implement the consensus of the Argentine meeting between the heads of state of China and the United States, on December 14, 2018, the Tariff Commission of the State Council issued a notice suspending tariffs on automobiles and parts originating in the United States for three months from January 1, 2019. On March 31, 2019, the Tariff and Tax Commission of the State Council issued a notice that from April 1, 2019, tariffs on automobiles and parts originating in the United States will continue to be suspended and the deadline for suspending tariff measures will be notified separately.

The US will impose a tax on 550 billion US dollars on Chinas commodities: resolutely opposed

A spokesman for the Ministry of Commerce made a speech on the announcement by the United States of further raising tariff rates on Chinese imports to the United States. On August 24, the United States announced that it would increase the tariff rate on about $550 billion of Chinese imports to the United States, which China firmly opposes. Such unilateral and hegemonic trade protectionism and extreme pressure are contrary to the consensus of the heads of state of China and the United States, the principle of mutual respect, equality and mutual benefit, and seriously undermine the multilateral trading system and the normal international trade order. They will certainly bear their own fruit. China strongly urges the United States not to misjudge the situation, not to underestimate the determination of the Chinese people, and immediately stop doing wrong, otherwise the United States will bear all the consequences.