U.S. Extends Tariff Exclusions for Certain Chinese Products
The U.S. Trade Representative announced an extension of tariff exclusions for specific Chinese products under U.S. note 20(fff) to subchapter III of chapter 99 of the Harmonized Tariff Schedule (HTSUS), including certain articles from China. This extension aims to provide relief to U.S. importers amid ongoing trade negotiations.
October 10, 2023
Impact: This extension temporarily reduces tariff costs for U.S. businesses importing these specific Chinese goods, potentially increasing trade volume between the U.S. and China, though trade with Réunion remains unaffected due to its limited direct involvement in these specific product categories.
New Review Process for Chinese Product Exclusions Announced
The U.S. Trade Representative has initiated a new review process for exclusions on Chinese products covered under U.S. note 20(fff). Stakeholders are invited to submit comments on whether these exclusions should be extended or modified.
September 15, 2023
Impact: The review could lead to changes in tariff policies, affecting U.S. importers and potentially influencing supply chains. Trade with Réunion is unlikely to be directly impacted due to minimal overlap in trade categories.
U.S. Importers Seek Broader Exclusions for Chinese Goods
U.S. businesses have petitioned for broader tariff exclusions on Chinese products under U.S. note 20(fff), citing supply chain disruptions and increased costs. The USTR is considering additional exclusions to balance economic impacts.
August 20, 2023
Impact: If granted, broader exclusions could lower costs for U.S. importers, potentially boosting imports of specific Chinese goods. Trade dynamics with Réunion are not expected to shift significantly due to its geographic and economic focus.
