China's General Administration of Customs (GAC) on Wednesday issued details on the implementation of an additional 84 percent tariff on imported U.S. products following U.S. tariff hikes.
The GAC posted an announcement on its website on Wednesday stating that, according to an earlier announcement from the Customs Tariff Commission of the State Council, China will raise the additional tariff on products imported from the U.S. to 84 percent, effective from 12:01 on April 10 (Thursday).
Goods that are exported from the place of origin before 12:01 on April 10 and imported to China between 12:01 on April 10 and 24:00 on May 13 will be considered as "in-transit goods” and will not be subject to the additional tariff.
According to the GAC announcement, from 12:01 on April 10 all goods declared for import originating from the U.S. will be subject to the additional tariff. This will be based on the current taxation method and applicable tariff rates consisting of the sum of the current most-favored-nation tariff rate or provisional tariff rate and the already implemented additional tariff rate.
For "in-transit goods," importers can apply for exemption from the additional tariff but are required to verify the transportation status of U.S.-origin goods, and confirm that the transportation vehicle carrying the goods departed from the place of origin before 12:01 on April 10, and that the relevant goods are declared for import before 24:00 on May 13.
For "in-transit goods" seeking exemption from the additional tariff, the import declaration should be made after the transportation vehicle carrying the goods enters China.
China releases details of implementation of additional tariffs on US goods
China releases details of implementation of additional tariffs on US goods
China releases details of implementation of additional tariffs on US goods
Russia said on Monday that its armed forces had captured another settlement in the Kharkiv region, while Ukraine reported striking Russian targets and power outages following Russian attacks.
The Russian Ministry of Defense said in its latest report that over the past 24 hours, Russian forces struck 142 areas, including facilities used to transport Western-supplied weapons, as well as ammunition and fuel depots, and temporary deployment sites of Ukrainian forces and foreign mercenaries.
It said Russian forces also destroyed Ukrainian armored vehicles, various types of artillery and other military vehicles, while air defense units shot down 76 Ukrainian drones.
In addition, the ministry said Russian forces had taken control of the settlement of Vilcha in the Kharkiv region.
The General Staff of the Ukrainian Armed Forces said on the same day that 223 combat engagements took place over the past 24 hours.
The Ukrainian Air Force, together with missile units and artillery, struck Russian personnel concentration areas and one key target.
The Ukrainian side said its forces repelled the Russian army's attacks in the directions of Kursk, Kupyansk, Lyman, and Pokrovsk.
Russian forces launched air strikes on power facilities in Odesa region, Zaporizhzhia region, Dnipropetrovsk region and Donetsk region in the early hours of Monday, according to Ukrainian media reports.
As of Monday morning, some areas in those regions were experiencing power outages.
Ukraine's largest private energy company, DTEK Group, said Russian forces attacked two of its power facilities in the Odesa region in the early hours of Monday, causing severe damage.
The company said repairs would take time, adding that continued air raid sirens have complicated the work. Technicians are working to restore key facilities and power supplies as soon as possible.
The Russian side has not commented on the attacks.
Russia captures one more settlement in Kharkiv, Ukraine reports power outages from Russian attacks
