📦
Articles the product of China, as provided for in U.S. note 20(o) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative
United States to South Korea Trade Analysis
for Articles the product of China, as provided for in U.S. note 20(o) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative
Detailed tariff information for Articles the product of China, as provided for in U.S. note 20(o) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative imports
Articles the product of China, as provided for in U.S. note 20(o) to this subchapter, each covered by an exclusion granted by the U.S. Trade Representative Tariff Rate
Not specific to HS code; U.S. exports to South Korea totaled $71.4 billion
Year
2022
Trend
Increasing due to KORUS FTA benefits and strong bilateral trade ties
Special Rates
Section 301 Tariff (China-specific)
Variable (if exclusion expires)
Applies if USTR exclusion for specific HS code under Section 301 is not renewed; rate depends on specific product and tranche (typically 7.5% to 25%).
Additional Information
No additional information available.
Last updated: 1 year ago
News and Updates
Recent News
U.S. Extends Tariff Exclusions for Certain Chinese Products Under Section 301
The U.S. Trade Representative (USTR) announced an extension of tariff exclusions for specific Chinese products listed under U.S. note 20(o), including certain goods under HS codes relevant to South Korea trade partnerships. This extension aims to mitigate supply chain disruptions.
September 15, 2023
Impact: This extension provides temporary relief for U.S. importers and South Korean partners dealing with Chinese-origin goods, reducing tariff costs and supporting trade stability in affected sectors.
USTR Reviews Exclusions for Chinese Imports Amid U.S.-South Korea Trade Talks
During recent trade discussions between the U.S. and South Korea, the USTR highlighted ongoing reviews of tariff exclusions for Chinese products under U.S. note 20(o). These exclusions impact joint supply chains involving South Korean manufacturers.
August 20, 2023
Impact: The review could influence U.S.-South Korea trade dynamics, particularly in industries reliant on Chinese components, potentially affecting pricing and sourcing strategies.
New Exclusions Granted for Chinese Goods Impacting U.S.-South Korea Supply Chains
The USTR granted new exclusions for select Chinese products under U.S. note 20(o), some of which are integral to South Korean exports to the U.S. This move addresses concerns over tariff burdens in shared markets.
July 10, 2023
Impact: These exclusions are expected to lower costs for South Korean exporters and U.S. importers, fostering smoother trade relations and enhancing competitiveness in key industries.
Policy Updates
Extension of Section 301 Tariff Exclusions for Chinese Products
The USTR extended certain tariff exclusions under Section 301 for Chinese products listed in U.S. note 20(o), applicable to specific HS codes. This policy aims to support industries, including those with ties to South Korean trade, by preventing additional costs through December 2023.
Date: September 14, 2023
USTR Announces Public Comment Period for Chinese Tariff Exclusions
The USTR opened a public comment period to evaluate the continuation of exclusions for Chinese goods under U.S. note 20(o). Stakeholders, including South Korean trade partners, are encouraged to provide input on the economic impact of these exclusions.
