U.S. Grants Exclusion for Specific Chinese Products Under Section 301 Tariffs
The U.S. Trade Representative announced exclusions for certain products of China classified under U.S. note 20(vv) from Section 301 tariffs, impacting specific HS codes. This exclusion aims to mitigate the economic burden on U.S. importers while negotiations continue.
October 10, 2023
Impact: This exclusion temporarily reduces tariff costs for U.S. businesses importing these specific Chinese goods, potentially increasing import volumes and easing supply chain pressures.
Extension of Tariff Exclusions for Chinese Goods Under Review
The USTR extended certain exclusions on Chinese products under U.S. note 20(vv) for an additional 6 months, pending a broader review of Section 301 tariffs. This affects specific HS codes previously granted relief.
September 5, 2023
Impact: The extension provides short-term certainty for U.S. importers, maintaining cost advantages for affected products and supporting market stability.
New Round of Public Comments on Chinese Product Exclusions
The USTR opened a public comment period to evaluate the continuation of exclusions for Chinese products under U.S. note 20(vv), focusing on economic impact and availability of non-Chinese alternatives for specific HS codes.
August 15, 2023
Impact: Feedback from stakeholders could influence future tariff policies, potentially affecting the cost and availability of these Chinese imports in the U.S. market.