Meaning: tariff measures on imports originating in China at a rate of 25 percent.
According to U.S. Customs and Border Protection, the U.S. imposed 25 percent import tariffs on 818 categories of Chinese goods on the first batch of the list, valued at 34 billion U.S. dollars, starting from 00:01 local time on July 6, 2018 (12:01 GMT on July 6), according to the U.S. Customs and Border Protection.
The basis of the tariff is the duty-paid price. The duty-paid price of imported goods is the CIF price based on the value of the transaction audited by the Customs; the duty-paid price of exported goods is the FOB price of the goods sold with the foreign country, minus the export tax, and the price determined by the Customs after examination.
The formula for calculating the taxable amount of customs duty is: taxable amount = duty-paid price × applicable tax rate.
Extended informationTariff collection methods:
1, ad valorem tariffs: according to the price of imported and exported goods as a standard tariffs. Ad valorem tariff amount = total price of goods * ad valorem tariff rate.
2, quantitative tariffs: quantitative tariffs are levied in accordance with the unit of measurement of the quantity of imported and exported goods (such as "tons", "boxes", "hundred", etc.). Quantitative tax amount = the number of goods * per unit of quantitative tax.
3, mixed tariffs: according to the various needs of import and export of goods, ad valorem, quantitative mixed taxation.
4, selection of tariffs: refers to the same goods in the tariff rules in the quantitative, ad valorem two tariffs, in the tax levied on the choice of one of the more taxable tariffs, but also can be selected for the lesser amount of tax for the taxable standard levy.
Chongqing Liangjiang New District official website - On the U.S. imposed tariffs on 34 billion U.S. dollars of Chinese products China's tariff countermeasures against the U.S. has been officially implemented at 12:01 on the 6th
Baidu Encyclopedia - Tariffs