Ministry of Finance: Adjust the prescribed additional tariff rate from 84% to 125%.

Odaily Planet Daily News On April 10, 2025, the US government announced that the rate of "reciprocal tariffs" on Chinese goods exported to the United States would be further increased to 125%. The US's imposition of abnormally high tariffs on China seriously violates international trade rules, basic economic laws and common sense, and is completely a unilateral bullying and coercion. In accordance with the "Tariff Law of the People's Republic of China", "Customs Law of the People's Republic of China", "Foreign Trade Law of the People's Republic of China" and other laws and regulations and basic principles of international law, with the approval of the State Council, from April 12, 2025, the tariff measures on imported goods originating from the United States will be adjusted. The relevant matters are as follows: 1. Adjust the tariff rate stipulated in the "Announcement of the State Council Tariff Commission on Adjusting the Tariff Measures on Imports Originating from the United States" (Tax Commission Announcement No. 5 of 2025) from 84% to 125%. Given that at the current tariff level, there is no market acceptance for US goods exported to China, if the US continues to impose tariffs on Chinese goods exported to the United States, China will ignore it. 2. Other matters shall be implemented in accordance with the "Announcement of the Tariff Commission of the State Council on the imposition of additional tariffs on imported goods originating from the United States" (Tax Commission Announcement No. 4 of 2025). (Jinshi)