ANNOUNCEMENT 14 Dec 2018
December 14th, 2018, China announced temporarily suspending additional import duties on a number of goods originating from the United States. In March 2019, the suspension period was extended.
NUMBER OF INTERVENTIONS
PRC Ministry of Finance, December 14th, 2018. (税委会公告〔2018〕10号 关于对原产于美国的汽车及零部件暂停加征关税的公告)
Ibid., March 31st, 2019. (税委会公告〔2019〕1号 国务院关税税则委员会关于对原产于美国的汽车及零部件继续暂停加征关税的公告)
On December 14th, 2018, the Chinese government announced it would be temporarily suspending the imposition of a number of additional import tariffs imposed on products from the US. The additional tariffs were imposed in response to China-specific tariffs imposed by the United States, see related state acts.
Specifically, additional tariffs on certain automotive and automotive parts imports would be waived. In total, at an eight-digit HS code level, 211 items were affected. 144 of these previously had a 25% additional tariff whilst 67 tariff lines had a 5% additional tariff. Notably, pre-2018 tariff level of 15% is still in effect for these items. The decision follows bilateral talks between the United States and China at the G20 summit in November 2019 and continued negotiation following. Bilateral talks are ongoing.
The duties are waived from 1 Janaury 2019 to 31 March 2019.
UPDATE: On 31 March 2019, China issued Shuiwehui Gonggao 2019/1 extending the suspension period. China has not set an end date for the suspension period.
UPDATE 2: In August 2019, this 'truce' was cancelled at the same time as another round of new tariffs were announced. Please see related act.