Home / Knowledge / News / Textiles / China suspends planned additional tariffs on some US items

China suspends planned additional tariffs on some US items

16
Dec '19
Pic: Shutterstock
Pic: Shutterstock
China’s Customs Tariff Commission of the State Council yesterday announced suspension of the planned additional tariffs on some US products that was scheduled to be implemented at 12:01 pm (Beijing time) on December 15. The suspension covers the 10 per cent and 5 per cent additional tariffs respectively on the imported products, the commission said.

China will also continue to suspend its additional tariffs on Us-made vehicles and auto parts, an official news agency reported.

The decisions followed recent trade talks between the two sides and in accordance with China's laws and regulations on customs, foreign trade and tariffs as well as the basic principles of international laws, the commission said.

Other additional tariff measures will continue to be implemented as stipulated and work on tax exemptions for imports from the United States will continue to proceed.

The Chinese side hopes that the two sides will work together on the basis of equality and mutual respect to properly address each other's core concerns and promote the stable development of Sino-US economic and trade relations, the commission added.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Apparel/Garments | On 17th Jan 2020

Industry unhappy with retrospective withdrawal of MEIS

Apparel manufacturers and exporters are not happy with the...

Pic: Saint Laurent

Apparel/Garments | On 18th Jan 2020

Saint Laurent to open leather goods factory in Italy

French fashion label Saint Laurent, part of the Kering Group, will...

Pic: Levi Strauss & Co

Apparel/Garments | On 18th Jan 2020

Levi Strauss announces management changes in company

Levi Strauss has announced leadership changes in the company. Roy...

Interviews View All

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Textile Industry, Head honchos

Textile Industry
Head honchos

African fashion has a strong identity

Footwear industry, Head honchos

Footwear industry
Head honchos

There is rising demand for fancy, trendy and yet comfortable footwear

Ritu Ajbani & Neha Agarwal,

Ritu Ajbani & Neha Agarwal

Petit Royal, co-founded by entrepreneurs <b>Ritu Ajbani and Neha...

Awanda Booth,

Awanda Booth

Held every year in New York City, Surtex is a global business-to-business...

Vikas Banduke,

Vikas Banduke

Softech Controls Private Limited (SCPL) is a part of the Cotmac Group, an...

Prof Seokheun (Sean) Choi, Binghamton University, State University of New York (SUNY)

Prof Seokheun (Sean) Choi
Binghamton University, State University of New York (SUNY)

A team of researchers from the State University of New York (SUNY),...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Dr. Rene Wollert, Freudenberg Nonwovens

Dr. Rene Wollert
Freudenberg Nonwovens

Dr. Rene Wollert discusses the current scenario of the global nonwovens...

Jay Ramrakhiani, Occasions Elegance Wear

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Samar Firdos, Arvind Ltd

Samar Firdos
Arvind Ltd

<b>Samar Firdos</b>, Chief Manager (Design) at Lifestyle Apparel Denim...

Sweta Agarwal, A Humming Way

Sweta Agarwal
A Humming Way

A Humming Way (AHW) is inspired by the old-world regalia of Rajasthan...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


January 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search