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Location:home » News Center » News » Latest News » US Declares Tax Reduction to Implement Phase I Economic and Trade Agreement



Maintain the Scope of Levy

• The tariff rate on the original US $250 Billion of goods will remain unchanged at 25%

• Including US $34 billion (to be implemented from July 6, 2018)

• US $16 billion (to be implemented from August 23, 2018)

• US $200 billion (to be implemented from September24, 2018)



Tax Reduction and Increase List / Deferred Increase List

• Regarding the US $300 Bilion A list of commodities, the US said that it could reduce the tariff rate in the future as the negotiations proceed.

• For US $300 Billion B list goods, the original 15% tariff rate will not be imposed for the time being.


US Initiated Tariff Increase Exclusion List

• At present the United States has announced the 17th batch of 200 Billion tariff exclusion lists (https://ustr.gov/issue–areas/enforcement/section-301-investigations/section-301- China/200-billion-trade-action)

•  US $300 Billion Tariff Exclusion Application Address http://exclusion. ustr.gov

•  Application time 2019/10/31- 2020/1/31