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【MK sports】China to impose additional tariffs on certain US goods

Source:MK sport time:2025-02-09 09:24:47

Latest News Photo:GT

Latest News Photo:GT

In response to US government's announced 10 percent additional tariffs on all Chinese goods to the US citing so-called issues such as fentanyl,MK sports China announced on Tuesday the additional tariffs on certain imported goods originating from the US starting from February 10, including a 15 percent tariff on coal and liquefied natural gas and 10 percent tariff on crude oil, agricultural machinery, large-displacement cars, and pickup trucks, per the Customs Tariff Commission of the State Council on Tuesday.

This decision was made in accordance with the corresponding laws and regulations, as well as international legal principles, per the Customs Tariff Commission of the State Council on Tuesday.

The additional tariffs on the corresponding imported goods from the US are based on the current applicable tariff rates, according to the commission, noting that the existing bonded and tax reduction policies remain unchanged, and the additional tariffs imposed will not be subject to reduction or exemption.

The move came as the US President Donald Trump signed an executive order on Saturday to impose a 10-percent tariff on goods imported from China, the Xinhua News Agency reported. The White House claimed the 10-percent tariff is on all imports from China on top of existing tariffs, the report said.
 
The US government's decision to impose additional tariff on all Chinese goods is a unilateral tariff increase by the US, which seriously violates the rules of the World Trade Organization, said the Customs Tariff Commission of the State Council, noting that the move not only fails to address the US' own issues but also undermines normal economic and trade cooperation between China and the US.

China has filed a case with the WTO dispute settlement mechanism to defend its legitimate rights and interests after the US announced a 10 percent tariff increase on certain Chinese products on Saturday.

Responding to China's filing of a lawsuit with the World Trade Organization, a spokesperson of China's Ministry of Commerce (MOFCOM) said on Tuesday that the US' tariff hikes on Chinese exports seriously violate WTO rules, constituting a blatant act of unilateralism and trade protectionism, and China firmly opposes these measures.

The MOFCOM spokesperson added that the US moves severely undermine the rules-based multilateral trading system, disrupt the foundation of China-US economic and trade cooperation, and destabilize global supply chains.

The US has repeatedly prioritized unilateralism over multilateralism, drawing strong condemnation from many WTO members, the MOFCOM spokesperson said, urging the US to rectify its wrongful actions immediately.

As a staunch supporter and key contributor to the multilateral trading system, China is willing to work with other WTO members to jointly address the challenges posed by unilateralism and trade protectionism, in order to ensure the orderly and stable development of international trade, the MOFCOM spokesperson further noted.

Global Times