The Customs Tariff Commission of The State Council issued the 2025 Tariff Adjustment Plan. The plan adheres to the general tone of seeking progress while maintaining stability, expands independent and unilateral opening-up in an orderly manner, and adjusts the import tariff rates and tax items of some commodities. After adjustment, China's overall tariff level will remain unchanged at 7.3%. The plan will be implemented from January 1, 2025.
In order to serve the development of the industry and scientific and technological progress, in 2025, the national sub-items such as pure electric passenger cars, canned eryngii mushrooms, spodumene, ethane, etc. will be added, and the expression of the names of tax items such as coconut water and made feed additives will be optimized. After adjustment, the total number of tariff items is 8960.
At the same time, in order to promote the scientific and standardized tax system, in 2025, new annotations for domestic subheadings such as dried nori, carburizing agents, and injection molding machines will be added, and the expression of annotations for domestic subheadings such as liquor, wood activated carbon, and thermal printing will be optimized.
According to the Ministry of Commerce, in accordance with the relevant provisions of the Export Control Law of the People's Republic of China and other laws and regulations, in order to safeguard national security and interests and fulfill international obligations such as non-proliferation, it is decided to strengthen the export control of relevant dual-use items to the United States. The relevant matters are hereby announced as follows:
(1) The export of dual-use items to U.S. military users or for military purposes is prohibited.
In principle, gallium, germanium, antimony, superhard materials related dual-use items are not permitted to export to the United States; Implement stricter end-user and end-use reviews for exports of graphite dual-use items to the United States.
Any organization or individual from any country or region that, in violation of the above provisions, transfers or provides relevant dual-use items originating in the People's Republic of China to the United States will be held legally responsible.
On December 29, 2024, the General Administration of Customs announced a new round of 16 measures to support the integrated development of the Yangtze River Delta region, focusing on five aspects: supporting the development of new quality productivity, promoting the cost reduction and efficiency of logistics, creating a high-level business environment at ports, resolutely safeguarding national security, and improving the overall wisdom and water equality.
In order to further standardize the management of bonded logistics books and promote the high-quality development of bonded logistics business, the General Administration of Customs has decided to implement the write-off management of bonded logistics books since January 1, 2025.
On December 20, 2024, the State Financial Regulatory Administration issued the Measures for the Supervision and Administration of China Export Credit Insurance Companies (hereinafter referred to as the Measures), which set out clear regulatory requirements for Export credit insurance companies in terms of functional positioning, corporate governance, risk management, internal control, solvency management, incentives and constraints, supervision and management, and further strengthen risk prevention and control. Improve internal control.
The Measures will come into effect on January 1, 2025.
On December 11, 2024, the Office of the United States Trade Representative issued a statement saying that after a four-year review by the Biden administration, the United States will raise import tariffs on solar silicon wafers, polysilicon and some tungsten products imported from China from the beginning of next year.
The tariff rate for silicon wafers and polysilicon will be increased to 50%, and the tariff rate for some tungsten products will be increased to 25%. These tariff increases will take effect on January 1, 2025.
On October 28, 2024, the U.S. Department of the Treasury officially issued the Final Rule limiting U.S. corporate investment in China (" Rules regarding U.S. Investment in Specific national security Technologies and Products in Countries of Concern "). To implement the "Response to U.S. Investments in National Security Technologies and Products of Certain Countries of Concern" signed by President Biden on August 9, 2023 (Executive Order 14105, the "Executive Order").
The final rule will take effect on January 2, 2025.
This regulation is widely considered to be an important measure for the United States to reduce its close ties with China in the high-tech field, and has been widely concerned by the investment community and high-tech industry around the world since its brewing stage.
Post time: Jan-03-2025