On December 16 local time, the United States Trade Representative Office (USTR) issued a statement announcing that the tariff exemption period applicable to 352 Chinese products, which was originally scheduled to expire at the end of 2022 (December 31), would be extended for nine months to September 30, 2023, and would take effect on January 1, 2023.
According to the report, Dai Qi, the US trade representative, exempted 352 Chinese products exported to the US from additional tariffs in March. These commodities include industrial components such as pumps and motors, some auto parts and chemicals, bicycles and vacuum cleaners.
According to the report, the Office of the United States Trade Representative said that the extension "will help to coordinate the further consideration of exemption measures and the ongoing comprehensive review of the 'Article 301' tariff of former President Donald Trumpchi".
The detailed list can be found in the previous extension notice in March this year, including specific types of bicycle and automobile parts, motors, machinery and chemicals; There are also bags, pillows, bicycles; Vacuum cleaner, seafood and other consumer products.
According to Article 301 of the 1974 Trade Law, former President Trump of the United States has imposed additional tariffs on Chinese goods exported to the United States since July 2018.
After the Biden administration took office, these tariffs will continue to be retained. According to American law, the implementation period of Tariff 301 is four years. Unless USTR receives a request for continued implementation, it will automatically become invalid after the expiration.
The USTR began to consult the public last month to assess the effectiveness of the tariff increase action. The deadline for consultation is January 17.
In October last year, the Office of the United States Trade Representative announced that it planned to re exempt the tariffs on 549 Chinese imports, and sought public opinions on this matter.
On March 23 of this year, the Office of the United States Trade Representative announced that 352 items of imported goods from China were re exempted from tariffs, which was less than 549 items previously considered (197 items of product tariff exemption were invalid). It is applicable to goods imported from China between October 12, 2021 and December 31, 2022.
Trump imposed additional tariffs in accordance with the so-called Section 301. After taking office, President Biden of the United States has not made a decision on whether to cancel relevant tariffs.
Since the meeting between the two heads of state in November, senior officials of the United States and China have continued to engage in dialogue. Officials from the economic, trade, military and climate change fields of the two countries have held at least four face-to-face talks after the meeting between the two heads of state