On February 1, 2025, the US government announced a 10% tariff on all Chinese imports to the US, citing fentanyl and other issues.
This unilateral tariff hike by the US seriously violates the rules of the World Trade Organization. It will not only help solve its own problems, but also undermine normal economic and trade cooperation between China and the US.
In response, China has taken the following countermeasures:
Additional Tariffs:
Starting from February 10, 2025, tariffs will be imposed on some imported goods originating in the United States.
Specific measures include:
• 15% tariff on coal and liquefied natural gas.
• A 10% tariff on crude oil, agricultural machinery, large cars and pickup trucks.
• For imported goods listed in the Annex originating in the United States, corresponding duties shall be imposed separately on the basis of the existing applicable tariff rates;
The current bonded, tax reduction and exemption policies remain unchanged, and the tariffs imposed this time will not be reduced or exempted.
(For more details of the attached products, please contact us)
The US tariffs have a certain negative impact on the financial market, such as the fall of the offshore RMB exchange rate, the fall of Chinese stocks, etc., Sino-US relations may be further strained in 2025, Trump is still the same Trump, China or will take more "unequal countermeasures" measures against the United States.
ROYAL GROUP
Address
Kangsheng development industry zone,
Wuqing district, Tianjin city, China.
Phone
Sales Manager: +86 153 2001 6383
Hours
Monday-Sunday: 24-hour Service
Post time: Feb-06-2025