U.S. Trade Representative Extends Exclusions for Certain Chinese Products
The U.S. Trade Representative announced an extension of tariff exclusions for specific products from China under U.S. note 20(m), including certain articles classified under relevant HS codes. This extension applies to limited trade categories and aims to mitigate the impact of Section 301 tariffs.
October 10, 2023
Impact: This extension provides temporary relief for U.S. importers dealing with Holy See-related trade channels, potentially reducing costs for specific goods and maintaining supply chain stability.
Limited Trade Activity Reported Between U.S. and Holy See on Excluded Chinese Goods
Recent data indicates minimal but notable trade activity between the U.S. and the Holy See involving Chinese products covered by USTR exclusions under U.S. note 20(m). These transactions fall under specific HS codes with granted exclusions.
September 15, 2023
Impact: The trade volume remains small, but the exclusions facilitate niche market access for religious or cultural artifacts, supporting limited bilateral trade.
USTR Reviews Tariff Exclusions Impacting U.S.-Holy See Trade
The U.S. Trade Representative initiated a review of Section 301 tariff exclusions for Chinese products, including those under U.S. note 20(m). The review assesses the effectiveness of these exclusions, with some relevance to indirect trade involving the Holy See.
August 20, 2023
Impact: Pending outcomes of the review could alter tariff costs and influence the limited trade of excluded products between the U.S. and Holy See, affecting pricing and availability.
