China Increases Duty Drawback Rates for Luminaires to Fight the Trade War

The Chinese government has launched new policies to reduce the impacts of the U.S. tariffs on Chinese exporters. One of them is to raise duty drawback rates for the exported products. The policy will become effective on November 1st, 2018.

The Ministry of Finance of China has issued the policy to increase duty drawback rates to 16 percent for luminaries and related lighting products. According to the official announcement, the goal of the revision is to optimize export tax policy and to respond to the complexity of the international situation.

On September 24th, 10 percent tariffs on US$ 200 billion worth of Chinese goods have been imposed and LED luminaires are included in the product list. The tariffs will jump to 25 percent by the end of 2018. In order to lessen the impacts of tariffs on its local companies, China has continued to increase duty drawback rates in the past few months for various products.

Disclaimers of Warranties
1. The website does not warrant the following:
1.1 The services from the website meets your requirement;
1.2 The accuracy, completeness, or timeliness of the service;
1.3 The accuracy, reliability of conclusions drawn from using the service;
1.4 The accuracy, completeness, or timeliness, or security of any information that you download from the website
2. The services provided by the website is intended for your reference only. The website shall be not be responsible for investment decisions, damages, or other losses resulting from use of the website or the information contained therein<

Proprietary Rights
You may not reproduce, modify, create derivative works from, display, perform, publish, distribute, disseminate, broadcast or circulate to any third party, any materials contained on the services without the express prior written consent of the website or its legal owner.