U.S. Extends Certain Exclusions on Chinese Goods Under Section 301
The U.S. Trade Representative announced the extension of specific product exclusions on Chinese imports under Section 301 tariffs, effective from August 7, 2020, through December 31, 2020. These exclusions cover articles under U.S. note 20(iii) as identified by specific HS codes.
August 5, 2020
Impact: This extension provides temporary relief for U.S. importers of covered Chinese products, reducing tariff costs and potentially stabilizing prices for affected goods during the specified period.
USTR Grants Temporary Tariff Exclusions for Chinese Imports Amid Trade Talks
Following the announcement of exclusions effective August 7, 2020, the USTR clarified the scope of products under U.S. note 20(iii) that are exempt from additional tariffs until the end of 2020, aiming to support specific industries impacted by ongoing U.S.-China trade tensions.
August 10, 2020
Impact: The exclusions are expected to benefit U.S. businesses reliant on Chinese imports, though uncertainty remains about long-term trade relations and potential tariff reimposition after December 31, 2020.
U.S. Businesses Respond to Tariff Exclusions on Chinese Products
U.S. companies have welcomed the tariff exclusions on certain Chinese goods effective from August 7, 2020, to December 31, 2020, under U.S. note 20(iii), though many express concerns over the temporary nature of the relief and call for permanent solutions.
August 15, 2020
Impact: While short-term cost reductions are anticipated, the temporary nature of the exclusions may limit long-term planning for businesses, potentially affecting supply chain decisions.