TCSC to Increase Tariffs on Certain Import Products Produced in the United States
In accordance with the Foreign Trade Law of the People’s Republic of China, the Import and Export Tariff Regulations of the People’s Republic of China, and basic international law principles, with approval from the CPC and the State Council, the Tariff Commission of the State Council (TCSC) announced its decision to increase tariff rates on certain products from the $60-billion list of American products with existing tariffs. Tariff rates will be raised to 25%, 20% or 10%, while products with a previous tariff rate of 5% will remain unchanged. The policy went into effect as of June 1st, 2019.
Source: MOF