U.S. Extends Tariff Exclusions for Certain Chinese Goods Under Section 301
The U.S. Trade Representative (USTR) announced an extension of tariff exclusions for specific Chinese products, including those covered under U.S. note 20(aaa) to subchapter III of chapter 99 of the Harmonized Tariff Schedule (HTS), as part of ongoing Section 301 measures. This extension applies to select goods previously granted exclusions.
September 20, 2023
Impact: This extension provides temporary relief for U.S. importers of affected Chinese products, reducing tariff costs and potentially stabilizing prices for consumers. However, it does not signal a broader easing of trade tensions.
USTR Reviews Exclusions for Chinese Imports Amid Industry Feedback
The USTR opened a public comment period to review the effectiveness of existing tariff exclusions on Chinese goods, including items under U.S. note 20(aaa). Stakeholders are encouraged to provide input on whether these exclusions should be extended or modified.
August 15, 2023
Impact: The review process could lead to changes in tariff policies, impacting U.S. businesses reliant on these exclusions. It may also influence supply chain decisions depending on the outcome of the review.
U.S. Businesses Seek Clarity on Expiring Chinese Tariff Exclusions
As certain tariff exclusions for Chinese products under Section 301, including those specified in U.S. note 20(aaa), approach expiration, U.S. businesses are urging the USTR for clarity and potential renewals to avoid cost increases.
July 10, 2023
Impact: Uncertainty over exclusions could lead to increased costs for importers if tariffs are reimposed, potentially disrupting supply chains and raising prices for end consumers.
