ANNOUNCEMENT 04 Apr 2018
April 4th, 2018 - China's Ministry of Commerce announced the introduction of tariffs on some US imports.
NUMBER OF INTERVENTIONS
PRC Ministry of Finance, April 4, 2018. (商务部公告2018年第34号 关于对原产于美国的部分进口商品加征关税的公告)
On the 4th of April, 2018, the Chinese Ministry of Commerce released Announcement 2018/34, which declared the planned introduction of import tariffs of 25% on 106 items coming from the US. However, the announcement left the enforcement of such action to a later, unspecified date, hence the amber rating of this intervention.
The Announcement stated that it was in retaliation to a similar announcement from the US government that threated the excision of tariffs on Chinese imports under a Section 301 of the Trade Act of 1974, pertaining to the infringement of intellectual property rights.
The items targeted include pork, soybeans, aeroplanes and chemicals. According to the official announcement, items covered by the tariffs amount to around USD 50 billion of exports.
Subsequently, the Chinese Bureau of Tariffs released another announcement in June that increased the scope of the tariffs, as well as actually implementing them; please see related acts for more information.
China issued an official notification to the WTO of suspension of concessions to the USA before this act was implemented, stating that it was in response to a US tariff change announced in 2017 on large residential washers. Please see related state acts for more information.