The Customs Tariff Commission of the State Council announced last Friday that China will impose an additional 34% tariff on all US-origin goods, based on the current applicable tariff rates, starting April 10, in response to the US' "reciprocal tariffs" against Chinese imports to the US, announced last Wednesday US time, China Media Group reported.

It has been reported the additional tariffs will take effect on 10th April. Current bonded and tax reduction policies will remain unchanged, and the new tariffs will not be subject to exemptions, the announcement stated. Goods that are shipped from their place of departure before 10th April and imported between 10th April and 13th May will not be subject to the additional tariffs specified in the announcement.

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