U.S. Extends Tariff Exclusions for Certain Chinese Products in Trade with Japan
The U.S. Trade Representative announced an extension of tariff exclusions under U.S. note 20(ddd) for specific Chinese products (HS Code: TBD) that are part of supply chains involving Japan. This decision aims to support U.S.-Japan trade relations by reducing costs on intermediate goods.
October 15, 2023
Impact: This extension is expected to stabilize supply chains between the U.S. and Japan, lowering costs for manufacturers and maintaining competitive pricing for consumers.
New Exclusions Granted for Chinese Goods in U.S.-Japan Trade Framework
The USTR granted new exclusions for select Chinese products under U.S. note 20(ddd), focusing on goods integral to U.S.-Japan trade agreements. These exclusions cover specific HS codes related to electronics and machinery components.
September 20, 2023
Impact: The exclusions are likely to boost bilateral trade by easing tariff burdens on key industries, fostering stronger economic ties between the U.S. and Japan.
U.S. Reviews Tariff Exclusions Impacting Chinese Imports in Japan Trade Deals
A recent USTR report reviewed the effectiveness of tariff exclusions on Chinese products under U.S. note 20(ddd), highlighting their role in supporting U.S.-Japan trade. The review emphasized the need for continued exemptions to avoid supply chain disruptions.
August 5, 2023
Impact: The review could lead to further extensions of exclusions, ensuring smoother trade flows and minimizing costs for U.S. and Japanese businesses.
