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    We hope to cancel some of the additional tariffs on China! Us starts tariff exclusion procedure
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    On July 6, the office of U.S. Trade Representative (USTR) announced that it would start the tariff exclusion procedure for Chinese products in article 301, which would cancel some of the additional tariffs imposed on China! Like previous hearings, the procedure will fine tune the tariff list, but will not affect the overall implementation plan of China's tariff.

    As the first day of the trade war between the world's two major economies, the United States began to impose 25% import duties on 818 categories of Chinese goods on the first batch of list at 00:01 local time (12:01 on July 6, Beijing time), with a value of 34 billion US dollars. The category of levy includes the goods in the "made in China 2025" plan. Just on the first day of tariff collection, the office of the US trade representative issued a document saying that the public can submit an application within 90 days to exempt the above-mentioned additional duties, and the request period will end on October 9, 2018.

    After the public applies for exemption, the USTR office's considerations include: whether the product can be obtained from outside China; whether the additional tariff will cause "serious economic harm" to the requester or other U.S. interests; and whether the specific product is of "strategic significance" or related to China's industrial policy. Make a decision by considering the above factors. The exemption is valid for one year after the announcement of the exemption in the joint communique, and the exemption dates back to July 6, 2018.

    According to the office of the U.S. trade representative, the tariff litigation against China is part of the U.S. trade representative's Section 301 investigation, and in line with President Trump's announcement in March that tariffs and other actions will be imposed on Chinese imports, and that China should transfer the technology and intellectual property rights of American companies to Chinese policy enterprises.

    The federal register will be officially published next week.

    Updated:2018-07-09 | Return
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