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Industry | The United States cancels some tariffs! Chemical companies usher in heavy benefits!

 Last Update: 2021-03-28
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75em;">After two years of gaming, the Sino-US trade friction finally ushered in substantial progress.
At 23:00 on the evening of December 13, the State Council Information Office held a press conference to announce that China and the United States had reached an agreement on the text of the first phase of the China-US economic and trade agreement.
At the press conference, Ning Jizhe, Deputy Director of the National Development and Reform Commission, Liao Min, Deputy Director of the Office of the Central Finance and Economic Commission and Deputy Minister of Finance, Zheng Zeguang, Deputy Minister of Foreign Affairs, Han Jun, Deputy Minister of Agriculture and Rural Affairs, Deputy Minister of Commerce and Deputy Representative of International Trade Negotiations Wang Shouwen answered reporters' questions.

After two years of gaming, the Sino-US trade friction finally ushered in substantial progress.
At 23:00 on the evening of December 13, the State Council Information Office held a press conference to announce that China and the United States had reached an agreement on the text of the first phase of the China-US economic and trade agreement.
At the press conference, Ning Jizhe, Deputy Director of the National Development and Reform Commission, Liao Min, Deputy Director of the Office of the Central Finance and Economic Commission and Deputy Minister of Finance, Zheng Zeguang, Deputy Minister of Foreign Affairs, Han Jun, Deputy Minister of Agriculture and Rural Affairs, Deputy Minister of Commerce and Deputy Representative of International Trade Negotiations Wang Shouwen answered reporters' questions.
Announced that China and the United States have reached an agreement on the text of the first phase of the China-US economic and trade agreement.
Announced that China and the United States have reached an agreement on the text of the first phase of the China-US economic and trade agreement.

75em;">

75em; white-space: normal; box-sizing: border-box;">The text of the first phase of Sino-U.
S.
trade agreement reached an agreement

75em;">

75em; white-space: normal; box-sizing: border-box;">The text of the first phase of Sino-U.
S.
trade agreement reached an agreement

75em;">

75em; white-space: normal; box-sizing: border-box;">The text of the first phase of Sino-U.
S.
trade agreement reached an agreement

The text of the first phase of Sino-U.
S.
trade agreement reached an agreement

75em; white-space: normal; box-sizing: border-box;">The agreement was reached between China and the United States on the basis of equality and mutual respect and lasted 22 months.
The text of the agreement includes nine chapters : preamble, intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rates and transparency, trade expansion, bilateral evaluation and terminal settlement, and final clauses .
At the same time, the two sides reached an agreement that the United States will fulfill its commitment to phased out additional tariffs on Chinese products and realize the transition from rising to falling tariffs.
This agreement will have a positive impact on the global economy, trade, investment and financial markets.

75em; white-space: normal; box-sizing: border-box;">The agreement was reached between China and the United States on the basis of equality and mutual respect and lasted 22 months.

The text of the agreement includes nine chapters : preamble, intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rates and transparency, trade expansion, bilateral evaluation and terminal settlement, and final clauses .

The agreement was reached between China and the United States on the basis of equality and mutual respect and lasted 22 months.
The text of the agreement includes nine chapters : preamble, intellectual property rights, technology transfer, food and agricultural products, financial services, exchange rates and transparency, trade expansion, bilateral evaluation and terminal settlement, and final clauses .

75em;">

75em; white-space: normal; box-sizing: border-box;">Ning Jizhe, Deputy Director of the National Development and Reform Commission

75em; white-space: normal; box-sizing: border-box;">Ning Jizhe, deputy director of the National Development and Reform Commission, said that expanding Sino-US trade cooperation is conducive to meeting the growing needs of the Chinese people for a better life , and expanding high-quality products from the United States in the fields of energy, manufactured products, agricultural products, medical care, and finance.

75em; white-space: normal; box-sizing: border-box;">Ning Jizhe, Deputy Director of the National Development and Reform Commission

Ning Jizhe, Deputy Director of the National Development and Reform Commission

And service imports can provide Chinese consumers with a more convenient purchase, a more affordable price, and a richer variety of experiences.
Expanding Sino-US trade cooperation is in line with the requirements for high-quality economic development in China.
Expanding the import of advanced technology and equipment and key parts and components required by the country will not only meet the production needs of domestic enterprises, but also help Chinese enterprises to make more effective investments at a higher level.

Ning Jizhe, deputy director of the National Development and Reform Commission, said that expanding Sino-US trade cooperation is conducive to meeting the growing needs of the Chinese people for a better life , and expanding high-quality products from the United States in the fields of energy, manufactured products, agricultural products, medical care, and finance.

75em;">The U.
S.
has promised to cancel some of the proposed and already imposed tariffs on China

The United States has promised to cancel some of the proposed and added tariffs on China.
The United States has promised to cancel some of the proposed and added tariffs on China.

75em;">

75em; white-space: normal; box-sizing: border-box;">Liao Min, Deputy Minister of Finance

75em; white-space: normal; box-sizing: border-box;">Deputy Finance Minister Liao Min said that with the two parties reaching the first phase agreement, the United States has promised to cancel some of the tariffs that it plans to impose and have already imposed on China, and will increase tariff exemptions for Chinese products exported to the United States.

75em; white-space: normal; box-sizing: border-box;">Regarding this agreement and consensus, China has the following views: First, this agreement is in the interests of the Chinese and American peoples and the people of the world.

75em; white-space: normal; box-sizing: border-box;">Second, this agreement is generally in line with China's general direction of deepening reforms, and it also meets China's own internal needs to promote high-quality economic development.

75em; white-space: normal; box-sizing: border-box;">Third, with the continuous exploration of China’s domestic market potential and the continuous expansion of market capacity, enterprises in China, including state-owned enterprises, private enterprises, and foreign-funded enterprises, will follow WTO rules and the principles of marketization and commercialization to expand Sino-US bilateral relations.
Trade cooperation and activities can enable thousands of consumers and producers in China to enjoy products and services with different characteristics and better meet the growing needs of the Chinese people for a better life.

75em; white-space: normal; box-sizing: border-box;">Fourth, the signing of the agreement and its future implementation will help promote economic and trade cooperation between China and the United States, manage and resolve economic and trade differences, and promote the stable development of Sino-US economic and trade relations.

75em; white-space: normal; box-sizing: border-box;">Liao Min, Deputy Minister of Finance

Liao Min, Deputy Minister of Finance

Deputy Finance Minister Liao Min said that with the two parties reaching the first phase agreement, the United States has promised to cancel some of the tariffs that it plans to impose and have already imposed on China, and will increase tariff exemptions for Chinese products exported to the United States.

The US has promised to abolish some of the tariffs that it intends to levy and have already levied on China, and it will increase tariff exemptions for Chinese products exported to the United States.
The US has promised to abolish some of the tariffs that it intends to levy and have already levied on China, and it will increase tariff exemptions for Chinese products exported to the US.

Regarding this agreement and consensus, China has the following views: First, this agreement is in the interests of the Chinese and American peoples and the people of the world.

Second, this agreement is generally in line with China's general direction of deepening reforms, and it also meets China's own internal needs to promote high-quality economic development.

Third, with the continuous exploration of China’s domestic market potential and the continuous expansion of market capacity, enterprises in China, including state-owned enterprises, private enterprises, and foreign-funded enterprises, will follow WTO rules and the principles of marketization and commercialization to expand Sino-US bilateral relations.
Trade cooperation and activities can enable thousands of consumers and producers in China to enjoy products and services with different characteristics and better meet the growing needs of the Chinese people for a better life.

Fourth, the signing of the agreement and its future implementation will help promote economic and trade cooperation between China and the United States, manage and resolve economic and trade differences, and promote the stable development of Sino-US economic and trade relations.

75em; white-space: normal; box-sizing: border-box;">The second phase of negotiations will depend on the implementation of the first phase agreement.
Liao Min said that the second phase of consultations will depend on the implementation of the first phase of the agreement.
The two sides have just reached an agreement on the first phase of the agreement.
The current priority is to sign and implement the agreement.
When will follow-up consultations begin and when they will take place, it remains to be seen.
The two sides discussed further.
It is understood that the US is also holding a press conference, and it is estimated that the US will announce relevant information.

The second phase of negotiations will depend on the implementation of the first phase agreement.
Liao Min said that the second phase of consultations will depend on the implementation of the first phase of the agreement.
The two sides have just reached an agreement on the first phase of the agreement.
The current priority is to sign and implement the agreement.
When will follow-up consultations begin and when they will take place, it remains to be seen.
The two sides discussed further.
It is understood that the US is also holding a press conference, and it is estimated that the US will announce relevant information.
The second phase of negotiations will depend on the implementation of the first phase agreement.

75em;">

75em; white-space: normal; box-sizing: border-box;">The U.
S.
highly appraise the China-U.
S.
agreement on the text of the first-phase economic and trade agreement

75em;">

75em; white-space: normal; box-sizing: border-box;">The U.
S.
highly appraise the China-U.
S.
agreement on the text of the first-phase economic and trade agreement

75em;">

75em; white-space: normal; box-sizing: border-box;">The U.
S.
highly appraise the China-U.
S.
agreement on the text of the first-phase economic and trade agreement

The United States spoke highly of the agreement between China and the United States on the text of the first phase of economic and trade agreement.
The United States spoke highly of the agreement between China and the United States on the text of the first phase of economic and trade agreement.

75em; white-space: normal; box-sizing: border-box;">In this regard, all sectors of the United States have spoken highly of it, believing that this agreement has successfully reversed the escalating trend of economic and trade frictions, is beneficial to China and the United States and the global economy, and has laid a good foundation for subsequent negotiations.

75em; white-space: normal; box-sizing: border-box;">The first phase of the Sino-US economic and trade agreement has also been welcomed by many industry associations in the United States.

75em; white-space: normal; box-sizing: border-box;">"This is an early Christmas gift.
" said Tom Watkins, a consultant at the China Innovation Center in Michigan, the United States.
We are pleased to see that the first phase of the economic and trade agreement has achieved a win-win situation, laying the foundation for further negotiations between the two countries.
Robert Kuhn, chairman of the Kuhn Foundation of the United States, said that although the road is long and tortuous, the arrival of this agreement will benefit both parties and the world.
He stated that the agreement is "cautious and balanced" for both parties and will pave the way for continued agreement on more difficult issues in the future.
Wendy Cutler, vice chairman of the American Asia Society, said that the first phase of the agreement is welcome because it will largely reverse the weakening of bilateral trade relations and reduce the trade policy uncertainty that US companies worry about.
Rick Helfenbein, president of the American Apparel and Footwear Association, said this is "a step in the right direction.
" But he also pointed out that US companies, consumers and workers are still suffering a "heavy blow" from the increased tariffs, and he called on the US government to abolish all tariffs as soon as possible.
Kenneth Quinn, chairman of the World Food Prize Foundation, said that a major agreement that is beneficial to both parties will be welcomed by American farmers, Chinese consumers and food processors.
Most importantly, it will make an important contribution to ensuring the stability of the global trading system.

In this regard, all sectors of the United States have spoken highly of it, believing that this agreement has successfully reversed the escalating trend of economic and trade frictions, is beneficial to China and the United States and the global economy, and has laid a good foundation for subsequent negotiations.

75em; white-space: normal; box-sizing: border-box;">The first phase of the Sino-US economic and trade agreement has also been welcomed by many industry associations in the United States.

The first phase of the Sino-US economic and trade agreement has also been welcomed by many industry associations in the United States.

"This is an early Christmas gift.
" said Tom Watkins, a consultant at the China Innovation Center in Michigan, the United States.
We are pleased to see that the first phase of the economic and trade agreement has achieved a win-win situation, laying the foundation for further negotiations between the two countries.
Robert Kuhn, chairman of the Kuhn Foundation of the United States, said that although the road is long and tortuous, the arrival of this agreement will benefit both parties and the world.
He stated that the agreement is "cautious and balanced" for both parties and will pave the way for continued agreement on more difficult issues in the future.
Wendy Cutler, vice chairman of the American Asia Society, said that the first phase of the agreement is welcome because it will largely reverse the weakening of bilateral trade relations and reduce the trade policy uncertainty that US companies worry about.
Rick Helfenbein, president of the American Apparel and Footwear Association, said this is "a step in the right direction.
" But he also pointed out that US companies, consumers and workers are still suffering a "heavy blow" from the increased tariffs, and he called on the US government to abolish all tariffs as soon as possible.
Kenneth Quinn, chairman of the World Food Prize Foundation, said that a major agreement that is beneficial to both parties will be welcomed by American farmers, Chinese consumers and food processors.
Most importantly, it will make an important contribution to ensuring the stability of the global trading system.
The first phase of the agreement is welcome because it will largely reverse the weakening of bilateral trade relations and reduce the trade policy uncertainty that US companies worry about.
The first phase of the agreement is welcome because it will largely reverse the weakening of bilateral trade relations and reduce the trade policy uncertainty that US companies worry about.
He called on the U.
S.
government to abolish all additional tariffs as soon as possible.
He called on the US government to abolish all tariffs as soon as possible.

75em; white-space: normal; box-sizing: border-box;">The abolition of tariffs is the core issue, and the global chemical industry may usher in heavy benefits

The abolition of tariffs is the core issue, and the global chemical industry may usher in heavy benefits.
The elimination of tariffs is the core issue, and the global chemical industry may usher in heavy benefits.

75em; white-space: normal; box-sizing: border-box;">At this press conference, Liao Min stated that the abolition of tariffs is China's core concern in economic and trade negotiations, and the two sides reached an agreement on this issue.
The U.
S.
has promised to cancel some of the tariffs that it intends to levy and have already levied on China, and will increase tariff exemptions for Chinese products exported to the United States, and promote the trend of tariff increases from an upward trend to a downward trend.
This is a commitment.
It's for sure.
At the same time, China will also accordingly consider not implementing the proposed measures to impose tariffs on US imports that were originally planned to take effect on December 15.
This is the consensus reached by the two parties on the tariff issue in the first phase of the agreement.

75em; white-space: normal; box-sizing: border-box;">Expanding Sino-US trade cooperation is in line with the requirements for high-quality economic development in China.

Expanding the import of advanced technology and equipment and key parts and components required by the country will not only meet the production needs of domestic enterprises, but also help Chinese enterprises to make more effective investments at a higher level.

75em; white-space: normal; box-sizing: border-box;">Since the US government announced that it would impose tariffs on soybeans, chemicals, automobiles and other commodities imported from China, chemical industries around the world have been affected to varying degrees, and it has caused great harm to US companies and workers.
U.
S.
stocks suffered a cliff-like decline.
U.
S.
apparel, chemicals, footwear, automobiles, agricultural products and other industries shrank and unemployment increased.
According to industry analysts, the domestic chemical industry may usher in heavy benefits, and product exports will usher in a new situation, which can promote the export of high-quality products such as raw materials in the chemical industry and promote economic development.
Not only the domestic chemical industry, but even the global chemical industry will usher in a good new situation.

75em; white-space: normal; box-sizing: border-box;">

The U.
S.
has promised to cancel some of the tariffs that it intends to levy and have already levied on China, and will increase tariff exemptions for Chinese products exported to the United States, and promote the trend of tariff increases from an upward trend to a downward trend.
This is a commitment.
It's for sure.
At the same time, China will also accordingly consider not implementing the proposed measures to impose tariffs on US imports that were originally planned to take effect on December 15.
This is the consensus reached by the two parties on the tariff issue in the first phase of the agreement.

At this press conference, Liao Min stated that the abolition of tariffs is China's core concern in economic and trade negotiations, and the two sides reached an agreement on this issue.
The U.
S.
has promised to cancel some of the tariffs that it intends to levy and have already levied on China, and will increase tariff exemptions for Chinese products exported to the United States, and promote the trend of tariff increases from an upward trend to a downward trend.
This is a commitment.
It's for sure.
At the same time, China will also accordingly consider not implementing the proposed measures to impose tariffs on US imports that were originally planned to take effect on December 15.
This is the consensus reached by the two parties on the tariff issue in the first phase of the agreement.

The United States has promised to abolish some of the tariffs that it intends to impose and have already imposed on China, and will increase tariff exemptions for Chinese products exported to the United States, and promote the trend of tariff increases from an upward trend to a downward trend.
The United States has promised to Cancel some of the tariffs to be imposed and already imposed on China, and will increase the intensity of tariff exemptions for Chinese products exported to the United States, and promote the trend of increasing tariffs from an upward trend to a downward trend.
The original plan will not be implemented on December 15.
The measures to impose tariffs on U.
S.
imports that came into effect on Japan.

75em; white-space: normal; box-sizing: border-box;">Expanding Sino-US trade cooperation is in line with the requirements for high-quality economic development in China.
Expanding the import of advanced technology and equipment and key parts and components required by the country will not only meet the production needs of domestic enterprises, but also help Chinese enterprises to make more effective investments at a higher level.
Expanding the import of services from the United States will also help domestic service industry enterprises to enhance their competitiveness and further improve the quality and level of service supply.
At the same time, we must also realize that China is an important export market for the United States, and expanding Sino-US trade cooperation is also of positive significance to the United States.
China is the second largest export market for American agricultural products, the largest export destination of US soybeans and the second largest export destination of cotton.
Through the shale oil and gas revolution, the U.
S.
's oil and natural gas production has increased significantly.
It is also necessary to open up the international energy market and increase energy product exports.
Expanding Sino-U.
S.
energy cooperation is also a realistic choice for the United States.

Expanding Sino-US trade cooperation is in line with the requirements for high-quality economic development in China.
Expanding the import of advanced technology and equipment and key parts and components required by the country will not only meet the production needs of domestic enterprises, but also help Chinese enterprises to make more effective investments at a higher level.
Expanding the import of services from the United States will also help domestic service industry enterprises to enhance their competitiveness and further improve the quality and level of service supply.
At the same time, we must also realize that China is an important export market for the United States, and expanding Sino-US trade cooperation is also of positive significance to the United States.
China is the second largest export market for American agricultural products, the largest export destination of US soybeans and the second largest export destination of cotton.
Through the shale oil and gas revolution, the U.
S.
's oil and natural gas production has increased significantly.
It is also necessary to open up the international energy market and increase energy product exports.
Expanding Sino-U.
S.
energy cooperation is also a realistic choice for the United States.
Through the shale oil and gas revolution, the U.
S.
's oil and natural gas production has increased significantly.
It is also necessary to open up the international energy market and increase energy product exports.
Expanding Sino-U.
S.
energy cooperation is also a realistic choice for the United States.
Through the shale oil and gas revolution, the U.
S.
's oil and natural gas production has increased significantly.
It is also necessary to open up the international energy market and increase energy product exports.
Expanding Sino-U.
S.
energy cooperation is also a realistic choice for the United States.

Since the US government announced that it would impose tariffs on soybeans, chemicals, automobiles and other commodities imported from China, chemical industries around the world have been affected to varying degrees, and it has caused great harm to US companies and workers.
U.
S.
stocks suffered a cliff-like decline.
U.
S.
apparel, chemicals, footwear, automobiles, agricultural products and other industries shrank and unemployment increased.
According to industry analysts, the domestic chemical industry may usher in heavy benefits, and product exports will usher in a new situation, which can promote the export of high-quality products such as raw materials in the chemical industry and promote economic development.
Not only the domestic chemical industry, but even the global chemical industry will usher in a good new situation.
The domestic chemical industry may usher in heavy benefits, and product exports will usher in a new situation, which can promote the export of high-quality products such as raw materials in the chemical industry and promote economic development.

75em; white-space: normal; box-sizing: border-box;">

75em; white-space: normal; box-sizing: border-box;">Review

Review of previous situation

75em; white-space: normal; box-sizing: border-box;">2018-03-23

75em; white-space: normal; box-sizing: border-box;">At about 0:50, US President Trump formally signed a memorandum of trade with China at the White House.
Trump announced plans to impose tariffs on US$60 billion in imports from China and restrict Chinese companies' investment in the United States.

75em; white-space: normal; box-sizing: border-box;">2018-04-04

75em; white-space: normal; box-sizing: border-box;">China swiftly responded to the proposed list of US tariffs on Chinese products.
With the approval of the State Council, the Tariff Commission of the State Council decided to impose 25% tariffs on 106 items of 14 categories, including soybeans, automobiles, and chemicals originating in the United States, involving approximately US$50 billion in 2017 China’s imports from the United States.

75em; white-space: normal; box-sizing: border-box;">2018-04-16

75em; white-space: normal; box-sizing: border-box;">The US Department of Commerce has banned American companies from exporting telecommunications parts and components to ZTE for a period of 7 years.

75em; white-space: normal; box-sizing: border-box;">2018-06-15

75em; white-space: normal; box-sizing: border-box;">The U.
S.
government has released a list of products subject to additional tariffs, and will impose 25% tariffs on approximately US$50 billion of goods imported from China, of which approximately US$34 billion of goods will be imposed on July 6, 2018.
At the same time, it began to solicit public opinions on additional tariffs on approximately $16 billion in goods.

75em; white-space: normal; box-sizing: border-box;">2018-06-15

75em; white-space: normal; box-sizing: border-box;">Approved by the State Council, the Tariff Commission of the State Council issued an announcement and decided to impose an additional 25% tariff on 659 items of about 50 billion U.
S.
dollars originating in the United States, including 545 items of about 34 billion U.
S.
dollars in agricultural products, automobiles, and aquatic products The additional tariffs will be imposed on July 6, 2018.

75em; white-space: normal; box-sizing: border-box;">2018-07-06

75em; white-space: normal; box-sizing: border-box;">The U.
S.
Customs and Border Protection announced that the U.
S.
will impose an additional 25% import tariff on US$34 billion worth of Chinese goods in the first batch of 818 categories on the first list starting on July 6th local time (noon on the 6th Beijing time).
As a counterattack, China will also impose a 25% import tariff on American products of the same size on the same day.

75em; white-space: normal; box-sizing: border-box;">2018-08-03

75em; white-space: normal; box-sizing: border-box;">The Customs Tariff Commission of the State Council of China has decided to impose additional tariffs ranging from 25%, 20%, 10%, and 5% on 5,207 tax items originating in the United States and about 60 billion U.
S.
dollars.

75em; white-space: normal; box-sizing: border-box;">2018-08-23

75em; white-space: normal; box-sizing: border-box;">The United States has imposed 25% tariffs on approximately $16 billion of goods imported from China on August 23.
In order to make necessary countermeasures, China decided to impose an additional 25% tariff on US$16 billion imported products from the United States and implement it simultaneously with the United States.

75em; white-space: normal; box-sizing: border-box;">2018-09-11

75em; white-space: normal; box-sizing: border-box;">Documents provided by the World Trade Organization to its members on the 11th showed that because the United States has not taken substantial actions to correct its multiple anti-dumping measures against Chinese products, China has applied to the WTO for authorization to implement trade retaliations of approximately US$7 billion per year against the United States.

75em; white-space: normal; box-sizing: border-box;">2019-05-09

75em; white-space: normal; box-sizing: border-box;">The U.
S.
government officially announced that starting May 10, 2019, the additional tariff rate on the US$200 billion list of goods imported from China will be increased from 10% to 25%.

75em; white-space: normal; box-sizing: border-box;">2019-05-13

75em; white-space: normal; box-sizing: border-box;">On May 13, China announced that it would increase the tax rate to 10%, 20%, and 25% on US$60 billion of goods that have imposed 5% and 10% tariffs on the United States from June 1.

75em; white-space: normal; box-sizing: border-box;">2019-08-15

75em; white-space: normal; box-sizing: border-box;">On August 15, 2019, the United States announced the implementation of an additional 10% tariff on US$300 billion worth of Chinese goods in two batches, with the implementation dates being September 1 and December 15, respectively.

75em; white-space: normal; box-sizing: border-box;">2019-08-23

75em; white-space: normal; box-sizing: border-box;">On August 23, 2019, China announced additional 5% and 10% tariffs on US$75 billion worth of U.
S.
goods.

75em; white-space: normal; box-sizing: border-box;">2019-11-07

75em; white-space: normal; box-sizing: border-box;">China and the United States agreed to phase out additional tariffs as the agreement progresses.
Gao Feng, a spokesperson for the Ministry of Commerce, said that China’s position on the tariff issue has always been clear.
The trade war started with the levy of tariffs and should also be stopped by the abolition of the tariffs.
As for how much to cancel the first phase, it can be negotiated based on the content of the first phase agreement.

75em; white-space: normal; box-sizing: border-box;">2019-11-26

75em; white-space: normal; box-sizing: border-box;">The leaders of the high-level Sino-US economic and trade consultations talked and agreed to maintain communication on the remaining issues of the first phase of the agreement negotiations.

75em; white-space: normal; box-sizing: border-box;">2019-12-13

75em; white-space: normal; box-sizing: border-box;">China's statement on the first phase of China-US economic and trade agreement was released on the evening of the 13th: After the joint efforts of the economic and trade teams of China and the United States, the two sides have reached the text of the first phase of China-US economic and trade agreement on the basis of equality and mutual respect.
Unanimous.

75em; white-space: normal; box-sizing: border-box;">2018-03-23

2018-03-23

At about 0:50, US President Trump formally signed a memorandum of trade with China at the White House.
Trump announced plans to impose tariffs on US$60 billion in imports from China and restrict Chinese companies' investment in the United States.

75em; white-space: normal; box-sizing: border-box;">2018-04-04

2018-04-04

China swiftly responded to the proposed list of US tariffs on Chinese products.
With the approval of the State Council, the Tariff Commission of the State Council decided to impose 25% tariffs on 106 items of 14 categories, including soybeans, automobiles, and chemicals originating in the United States, involving approximately US$50 billion in 2017 China’s imports from the United States.

75em; white-space: normal; box-sizing: border-box;">2018-04-16

2018-04-16

75em; white-space: normal; box-sizing: border-box;">The US Department of Commerce has banned American companies from exporting telecommunications parts and components to ZTE for a period of 7 years.

The US Department of Commerce has banned American companies from exporting telecommunications parts and components to ZTE for a period of 7 years.

75em; white-space: normal; box-sizing: border-box;">2018-06-15

2018-06-15

The U.
S.
government has released a list of products subject to additional tariffs, and will impose 25% tariffs on approximately US$50 billion of goods imported from China, of which approximately US$34 billion of goods will be imposed on July 6, 2018.
At the same time, it began to solicit public opinions on additional tariffs on approximately $16 billion in goods.

75em; white-space: normal; box-sizing: border-box;">2018-06-15

2018-06-15

Approved by the State Council, the Tariff Commission of the State Council issued an announcement and decided to impose an additional 25% tariff on 659 items of about 50 billion U.
S.
dollars originating in the United States, including 545 items of about 34 billion U.
S.
dollars in agricultural products, automobiles, and aquatic products The additional tariffs will be imposed on July 6, 2018.

75em; white-space: normal; box-sizing: border-box;">2018-07-06

2018-07-06

The U.
S.
Customs and Border Protection announced that the U.
S.
will impose an additional 25% import tariff on US$34 billion worth of Chinese goods in the first batch of 818 categories on the first list starting on July 6th local time (noon on the 6th Beijing time).
As a counterattack, China will also impose a 25% import tariff on American products of the same size on the same day.

75em; white-space: normal; box-sizing: border-box;">2018-08-03

2018-08-03

The Customs Tariff Commission of the State Council of China has decided to impose additional tariffs ranging from 25%, 20%, 10%, and 5% on 5,207 tax items originating in the United States and about 60 billion U.
S.
dollars.

75em; white-space: normal; box-sizing: border-box;">2018-08-23

2018-08-23

The United States has imposed 25% tariffs on approximately $16 billion of goods imported from China on August 23.
In order to make necessary countermeasures, China decided to impose an additional 25% tariff on US$16 billion imported products from the United States and implement it simultaneously with the United States.

75em; white-space: normal; box-sizing: border-box;">2018-09-11

2018-09-11

Documents provided by the World Trade Organization to its members on the 11th showed that because the United States has not taken substantial actions to correct its multiple anti-dumping measures against Chinese products, China has applied to the WTO for authorization to implement trade retaliations of approximately US$7 billion per year against the United States.

75em; white-space: normal; box-sizing: border-box;">2019-05-09

2019-05-09

75em; white-space: normal; box-sizing: border-box;">，2019510，200010%25%。

，2019510，200010%25%。

75em; white-space: normal; box-sizing: border-box;">2019-05-13

2019-05-13

75em; white-space: normal; box-sizing: border-box;">513，615%10%60010%、20%25%。

513，615%10%60010%、20%25%。

75em; white-space: normal; box-sizing: border-box;">2019-08-15

2019-08-15

75em; white-space: normal; box-sizing: border-box;">2019815，300010%，911215。

2019815，300010%，911215。

75em; white-space: normal; box-sizing: border-box;">2019-08-23

2019-08-23

75em; white-space: normal; box-sizing: border-box;">2019823，7505%、10%。

2019823，7505%、10%。

75em; white-space: normal; box-sizing: border-box;">2019-11-07

2019-11-07

75em; white-space: normal; box-sizing: border-box;">。，，，。，。

。，，，。，。

75em; white-space: normal; box-sizing: border-box;">2019-11-26

2019-11-26

75em; white-space: normal; box-sizing: border-box;">，。

，。

75em; white-space: normal; box-sizing: border-box;">2019-12-13

2019-12-13

75em; white-space: normal; box-sizing: border-box;">13：，，。

13：，，。

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