The Sino-US trade war has escalated again, and medical device products are involved, including not only large instruments and equipment, but also consumables and reagents.
The date for additional tariffs has been determined
Since the deepening of Sino-US trade friction in 2018, from intensification to truce, to the current restart and upgrade, it has been a series of twists and turns.
On May 9, the U.S. government announced that starting from the 10th of this month, the additional tariff rate on the $200 billion list of goods imported from China would be increased from 10% to 25%.
On May 13, the Office of the Tariff Commission of the State Council stated that the above-mentioned measures by the United States have led to the escalation of Sino-US economic and trade frictions, violated the common sense of China and the United States to resolve trade differences through consultation, and harmed the interests of both parties. It is inconsistent with the general expectations of the international community.
In order to defend the multilateral trading system and defend its legitimate rights and interests, China has no choice but to adjust and impose additional tariffs on some imported goods originating in the United States.
In accordance with the "Foreign Trade Law of the People's Republic of China", the "Regulations of the People's Republic of China on Import and Export Tariffs" and other laws and regulations and basic principles of international law, with the approval of the Party Central Committee and the State Council, the State Council Tariff The Tariff Committee decided: Effective from 0:00 on June 1, 2019, the additional tariff rates will be increased to 25%, 20% or 10% additional tariffs. Products that were previously subject to a 5% tariff will continue to be subject to a 5% tariff.
On May 13, CCTV News Network issued an international critical commentary on the matter, saying "China is ready for a comprehensive response."