According to the “Announcement of the Tariff Commission of the State Council on the Imposition of Additional Tariffs on Approximately US$16 Billion of Imported Goods Originating in the United States”, China’s additional 25% tariff on approximately US$16 billion of US goods was officially implemented at 12:01 on the 23rd.
Related: Ministry of Commerce Spokesperson’s Statement on U.S. Taxes on $16 Billion of Chinese Products
In response to the U.S. imposing a 25% tariff on $16 billion of products imported from China on August 23 under the Section 301 investigation, a spokesman for the Ministry of Commerce issued a statement on the 23rd and pointed out that the U.S. is determined to go its own way and the increase in tariffs is clearly suspected. Violation of WTO rules. China firmly opposes this and has no choice but to continue to make necessary counterattacks. At the same time, in order to defend free trade and the multilateral system and safeguard its legitimate rights and interests, China will file a lawsuit on this taxation measure under the WTO dispute settlement mechanism.
