On July 6, the Office of the United States Trade Representative (USTR) released a list of the sixth batch of goods that were exempted from additional tariffs, and only 12 of them were extended.
There are 110 items on the original $34 billion tariff exclusion list, valid until July 9, 2020. The new list decides to extend the validity period of exclusion from July 9 to December 31, 2020.
Products that have not been extended will be removed from the excluded list after the expiration date of 2020.7.9, that is, the period from 2018.7.6 to 2020.7.9 can be exempted from additional tariffs, but the additional 25% of tariffs will be resumed from 2020.7.9. Enterprises exporting to the US must carefully sign contracts with US customers after July 9.
Exporters of related products must be careful to sign contracts with American customers after July 9.
Part of the announcement
According to the latest list of products excluded from the tariff extension released on Saturday, only 12 products have been extended this time, which means 98 products have not been extended.
The US Department of Commerce released a statement on its website on June 29, saying that it was removing special treatment for Hong Kong, including the suspension of export license exemptions, and was conducting a differential treatment assessment.
On June 3, the US Department of Commerce announced that it would add 33 Chinese companies and institutions to its “entity list” to restrict their business transactions with US companies. The restrictions went into effect on June 5.
So far, the US has added more than 300 Chinese companies or entities to its “entity list”.
Post time: Jul-22-2020