#USproducts, #China, #AdditionalPlannedTariffs; #ChinaSuspendsSomeUSProducts
Beijing (China), Dec 15 (Canadian-Media): Implementation of planned additional tariffs on some US products Sunday has been suspended by China, according to the Customs Tariff Commission of the State Council, media reports said.
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China's suspension covers the 10 percent and 5 percent additional tariffs, respectively, on the imported products and will continue to suspend its additional tariffs on American-made vehicles and auto parts.
Implement of the results of recent trade talks between the two sides was decided in accordance with the basic principles of international laws, according to the commission as well as with China's laws and regulations on customs, foreign trade and tariffs.
Other additional tariff measures such proceeds from as tax exemptions for imports from the United States will continue to be implemented as stipulated
China hopes that equality and mutual respect to properly address each other's core concerns would be the basis of their work together to promote the stable development of Sino-US economic and trade relations.