Information released by the Office of the United States Trade Representative (USTR) shows that products that have not been extended the validity period will be removed from the exclusion list after expiration on July 9, 2020, that is, they will be exempt from additional tariffs from 2018.7.6 to 2020.7.9, but An additional 25% tariff will be resumed from July 9, 2020. Companies exporting to the United States must be cautious in signing contracts with American customers after July 9.
On July 6, the Office of the U.S. Trade Representative (USTR) announced the sixth batch of extended list of products exempted from additional tariffs on China. Only 12 products were extended and exempted from additional tariffs. Tariff validity period.
There are 110 items in the original tariff exclusion list of US$34 billion in goods, which will be valid until July 9, 2020. The new list decided to extend the exclusion period from July 9 to December 31, 2020.
Products that have not received an extended validity period: they will be removed from the exclusion list after expiration on July 9, 2020, that is, they will be exempted from the period from 2018.7.6 to 2020.7.9 Tariffs will be levied, but an additional 25% tariff will be resumed from July 9, 2020. Companies exporting to the United States must be cautious in signing contracts with American customers after July 9.
Relevant product export companies should note that they must be cautious in signing contracts with American customers after July 9.
Part of the announcement
USTR announcement original text:
https://ustr.gov/sites/default/files/enforcement/301Investigations/Notice_of_Extensions_for_Exclusions_July_2020.pdf
According to the latest list of products released on the 6th to exclude additional tariffs and extend the validity period. Look, there are only 12 products that have been extended their validity this time, which means that there are 98 products that have not been extended.
The official website of the U.S. Department of Commerce issued a statement on June 29, canceling special related treatment for Hong Kong, including suspending export license exemptions, and is conducting a differential treatment assessment.
On June 3, the U.S. Department of Commerce announced that it would add 33 Chinese companies and institutions to the “Entity List” to restrict these companies from conducting commercial transactions with U.S. companies. The restrictions officially came into effect on June 5.
To date, the United States has included more than 300 Chinese companies or entities on the “Entity List.” </p
