How Much Tariff is Levied on Joint Venture Vehicles?

[VonDaniella]

Joint venture vehicles use some imported parts with a tariff rate of 10%. The relevant introduction of joint venture vehicles is as follows: Joint Venture Vehicles: Joint venture vehicles are projects jointly established by Chinese and foreign investors. The Chinese side contributes by providing land, factory usage rights, and capital, while the foreign investor provides the brand, technology, capital, talent, etc. Joint venture vehicles are the products of such collaborations. The foreign side provides technology, talent, and brand for domestic assembly, but the core technology is still controlled by the foreign side. Tariff on Joint Venture Vehicles: Joint venture vehicles do not incur tariffs; tariffs are only levied when vehicles are imported from abroad. Import tariffs are duties imposed by a country's customs on imported goods and items. Levying import tariffs increases the cost of imported goods, raises their market prices, and affects the quantity of foreign goods imported.