The State Council Tariff Commission: Starting from March 10, a 10% or 15% tariff will be imposed on some imported goods originating from the United States

PANews reported on March 4 that according to Cailian News, the State Council Tariff Commission issued an announcement on the 4th that on March 3, 2025, the US government announced that it would impose a further 10% tariff on all Chinese goods exported to the US on the grounds of fentanyl. The US's unilateral tariff increase damages the multilateral trading system, increases the burden on US companies and consumers, and undermines the foundation of economic and trade cooperation between China and the United States. With the approval of the State Council, starting from March 10, 2025, additional tariffs will be imposed on some imported goods originating from the United States. The relevant matters are as follows:

1. Impose a 15% tariff on chicken, wheat, corn and cotton.

2. A 10% tariff will be imposed on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products.

3. For the imported goods listed in the appendix originating from the United States, corresponding tariffs will be levied on the basis of the current applicable tariff rates. The current bonded and tax reduction and exemption policies remain unchanged, and the additional tariffs will not be reduced or exempted.

4. Goods that have been shipped from the place of departure before March 10, 2025 and imported between March 10, 2025 and April 12, 2025 shall not be subject to the additional tariffs prescribed in this announcement.

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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