On February 6, 2020, the State Council Tariff Commission announced that “in order to promote the healthy and stable development of Sino-US economic and trade relations,” effective at 13:01 on February 14, 2020, the “Announcement of the Tariff Commission of the State Council on Imposing Tariffs on Certain Imported Products (Third Batch) Originating in the United States” (Tax Commission Announcement [2019 〕 No. 4) would be adjusted by reducing the additional duties. The additional duty-rate for 270 and 646 tax items listed in Parts 1 and 2 of Annex 1 to the Announcement will be adjusted from 10% to 5%; the tariff increase for the 64 and 737 tax items listed in Parts 3 and 4 Rate, adjusted from 5% to 2.5%. February 14 is the date that the Phase One agreement with the US goes into effect. It is also the same date that the US will cut the additional rate for goods from China on List 4A will be cut from 15% to 7.5%. Neither countries’ adjustments are listed in the Phase One agreement, although they were expected.
In addition to the above adjustments, other tariff measures on the United States will continue to be implemented in accordance with regulations.
