The Ministry Of Commerce Responded Three Times A Night And Decided To Impose A Maximum Tariff Of 5207 On The 5207 Tariff Items In The United States.

In August 3rd, the Ministry of Commerce issued three announcements in the evening, responding to the actions of the United States to impose tariffs, and decided to levy tariffs of 25%-5% on 5207 commodities that originated in the United States for about 60 billion US dollars.

The Ministry of Commerce stressed that the United States had to take the necessary counter measures to safeguard the dignity and interests of the people, defend the free trade and multilateral system and safeguard the common interests of all countries in the world, because the United States ignored the interests of both enterprises and consumers.

The Customs Tariff Commission of the State Council also pointed out that the Chinese side adopted tariff measures to safeguard its legitimate rights and interests and to curb trade frictions through counter measures.

Three announcements in a row, countering the US proposal to raise taxes

In July 11, 2018, the US government issued a measure of importing about 200 billion dollars of goods from China to levy 10% tariffs.

August 2nd

The trade representative said it would raise the tax rate from 10% to 25%.

In response, the Ministry of Commerce issued three announcements in response.

The Ministry of Commerce pointed out that the US side's measures violated the WTO rules and international obligations violating the legitimate rights and interests of the Chinese side in accordance with WTO rules and seriously threatened China's economic interests and security.

In order to safeguard China's own legitimate rights and interests, the Chinese government, according to the laws and regulations of the People's Republic of China foreign trade law and the basic principles of international law, has imposed tariffs of 25%-5% on the 5207 items of tax revenue of about 60 billion US dollars, in order to safeguard China's legitimate rights and interests.

At the same time, China's differential tax rate measures are rational and restrained. It is put forward after listening to opinions and seriously assessing the impact, especially considering the welfare of the people, the affordability of enterprises and the maintenance of the operation of the global industrial chain.

The date of implementation of the tax measures will depend on the actions of the US side. China reserves the right to continue to introduce other countermeasures.

China always believes that consultation on the basis of mutual respect, equality and mutual benefit is the effective way to resolve trade disputes. Any unilateral threat or blackmail will only lead to intensification of contradictions and harm the interests of all parties.

The Ministry of Commerce pointed out that the Chinese side emphasized once again that the United States had to take the necessary counter measures to safeguard the dignity and interests of the people, defend the free trade and multilateral system and safeguard the common interests of all countries in the world, because the United States had repeatedly escalate the situation in spite of the interests of both enterprises and consumers.

In response to the fact that the US Department of Commerce has put some Chinese entities in the "entity list" of export control, the Ministry of Commerce responded that China's stance against the US unilaterally sanctions against Chinese entities has never changed.

China urges the US side to take practical measures to relax export control to China, protect and promote high-tech trade and cooperation between the two enterprises, and safeguard the legitimate rights and interests of both sides.

The office of the Customs Tariff Commission of the State Council said that China's related measures could also minimize the impact on China's domestic production and people's living needs.

After the implementation of the above measures, relevant departments will assess the effectiveness of the measures with all sectors of society, and strive to minimize the impact of measures on China's domestic production and life.

China promises that it will unswervingly push forward reform and opening up in accordance with the established deployment and rhythm, firmly support economic globalization, firmly safeguard the principle of free trade and multilateral trading system, and jointly develop and share prosperity with all countries pursuing progress in the world.

China's tariff list is clear.

The Customs Tariff Commission of the State Council decided to levy tariffs of 25%, 20%, 10% and 5% on the 5207 items of tax revenue of about 60 billion dollars originating in the United States.

-2493 tariff items are subject to a 25% tariff.

-1078 tariff items are subject to a 20% tariff.

-974 tariff items are subject to a 10% tariff.

-662 tariff items are subject to a 5% tariff.

From the list of taxes, the list of 25% tariff commodities for us and Canada includes beef and mutton, wheat, starch, soybean oil, peanut oil, butter, sugar, milk powder, noodles, biscuits, bread, coffee, liquor, cement,

Rare earth, lipstick, handbag, fur coat, cotton,

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Liquid crystal display panels, glasses and other 2493 products.

The list of 20% tariff products for us and Canada includes oats, peanuts, syrup, gum and so on.

Toilet paper, textiles, cloak cloak, tent, cans, printers, large and medium-sized computers, uninterruptible power supply, batteries, color monitors, furniture, skates, pens, pencils, oil paintings, and more than one hundred years of antiques and other 1078 products.

For us and Canada, 10% tariff list includes mammals, yolk, frozen potatoes, cranberry juice, sea water, flaky natural graphite, boric acid, Potassium Permanganate, titanium dioxide, graphite, cotton knitted curtains, electric blankets, fur caps, abrasive cloth, rear view mirrors, ceramics, safety razors, car locks, polishing machines, pressure reducing valves, spark plugs, flashlights, motorboats, treadmills, skateboards, baby diapers and diapers and so on 974 kinds of products.

For us and Canada, 5% tariff products list includes rare gases, silica gel, blood type reagents, gauze, bandage, fennel oil, fireworks, firecrackers, automotive rubber inner tubes, cotton lint pulps, diesel engines for locomotives, air and other gas compressors, lawn, parks and so on with other lawn mowers, carpet looms, other automatic washing machines, aircraft refueling cars, tempering cars, deicing vehicles, seat belts, color ultrasonic diagnostic apparatus, ECG recorder, denture and so on 662 kinds of products.

As can be seen from the list, it is closely related to agriculture and daily necessities.

Since the start of the trade war in the United States, the American people are becoming more and more aware of the pressure: after Harley motor's "escape", steel and aluminum taxes have led to these two kinds of pressure.

Prices climbed by 33% and 11% respectively. Coca-Cola, BMW and other companies announced that they would raise the prices of related products. American consumers had to face up to the rise in commodity prices including recreational vehicles, beverages and beer.

The Trump administration's self imposed actions and its actions have not only damaged the global multilateral trading system, but also brought down its own people and brought chaos to their own country.

People from all walks of life, including politics, business and agriculture, have appealed to the Trump administration to stop tariffs as soon as possible.

Voice of the media: the US threat to blackmail can only be punished.

On the evening of 3, the people's Daily published a commentary on the threat that the United States could only take back the punishment. The commentary pointed out that the United States ignored the interests of the whole world, and even ignored the interests of ordinary farmers, entrepreneurs and consumers in the United States. The Chinese side had to take the necessary counter measures to safeguard the dignity and interests of the people, defend the free trade and multilateral system, and safeguard the common interests of all countries in the world.

The commentary pointed out that before the negotiations, it is the usual way for the US side to make international efforts to lay down hard words, make gains and losses and increase bargaining chips.

In the past few days, the old tricks of the United States have been repeated. On the one hand, they put pressure and threats on China on the one hand with a large tariff rod. On the other hand, they are dispersing the wind and resuming negotiations with the Chinese side. This hard and soft strategy will not have any effect on China. It is expected that China will swallow the bitter fruit of damaging its core interests, and is doomed to be the biggest strategic miscarriage of justice in the United States. It will not shake the firm determination of China to safeguard its legitimate rights and interests, safeguard the international economic order and economic globalization.

The people's daily pointed out that in this trade war launched by the US side, China has always been the most sincere in promoting the solution of the problem, neither shooting the first shot nor taking any aggressive actions to escalate the situation.

Even in the context of the unilateral threat and blackmail of the US side, the differential tax rate measures adopted by the Chinese side are still rational and restrained. They are put forward after listening widely to the views and seriously assessing the impact, especially considering the welfare of the people, the affordability of the enterprises and the maintenance of the operation of the global industrial chain.

However, we must also see that the Chinese side has not and will not bow down to any trade bullying any more. It has reserved the right to continue to introduce other counter measures.

The US side must face up to and treasure China's efforts in resolving bilateral trade issues, and do not repeat it again and again.