USDC decreases import duty on petroleum pipeline from China

Nov 25, 2009 01:00 AM

On November 24, US Department of Commerce (USDC) announced to decrease the average import tariff on a petroleum pipeline from China to 13.2 % from the 21.3 % set in September, a range of 10.36 %-15.78 %. The total value of the involving petroleum pipeline from China is about $ 2.7 bn.
USDC has submitted it to ITC (International Trade Commission). If ITC approves in January next year, it will be carried out formally, prior to it, US importers must conform to the decision on November 24.

Since Barack Obama increased tariffs on tyre from China in September, customs duty became the special focus for both sides. Presently, the bilateral trade volume of both countries has reached $ 409 bn.
Under the impact of this, Zhejiang Jianli Enterprise is imposed largest duty up to 15.78 %. Tariffs on Wuxi Seamless Pipe, Tianjin Pipe (Group), and Jiangsu Changbao Steel Tube are 14.61 %, 10.36 % and 11.98 % respectively. Duty on other China's makers is 13.20 %.

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