According to CCTV, the State Council's Tariff Commission announced that it would resume the imposition of tariffs on vehicles and parts originating in the United States. From 12:01 on December 15, 2019, the above matters shall be implemented, and the additional tax rate shall be 5% - 25%.
It is reported that on July 11, 2018, the U.S. government issued a measure to impose tariffs on about $200 billion of goods imported from China, and solicited public opinions on the measure. On August 2, the United States announced that it plans to increase the tariff rate on the above-mentioned $200 billion goods from 10% to 25%. The U.S. measures deviated from the consensus reached by both sides in many consultations, resulting in the escalation of trade friction between China and the United States, seriously violating the relevant rules of the world trade organization, and damaging China's national and people's interests.
In accordance with the foreign trade law of the people's Republic of China, the regulations of the people's Republic of China on import and export duties and other laws and regulations, as well as the basic principles of international law, the Tariff Commission of the State Council has decided to impose duties on 5207 items of import goods originating in the United States. The measure involves about $60 billion in imports from the United States. The projects involved include automobiles and auto parts.
According to public information, on May 9, 2019, the U.S. government announced that from May 10, 2019, the tariff rate on the $200 billion list goods imported from China would be increased from 10% to 25%. On August 15, 2019, the U.S. government announced that it would impose 10% tariff on approximately $300 billion of goods imported from China, which will be implemented in two batches from September 1 and December 15, 2019. The above-mentioned measures of the United States led to the continuous escalation of Sino US economic and trade frictions, which seriously violated the consensus reached by the two heads of state at the Argentina meeting and the Osaka meeting.