Recently, the office of the US trade representative said that it would resume the tariff exemption of some Chinese imports. The tariff exemption involves 352 of the previous 549 pending products. This provision will apply to goods imported from China between October 12, 2021 and December 31, 2022.
Among them, 33 tax lines are fully exempted and 319 tax lines are partially exempted.
These commodities include: hot roller laminator, water filter, purifier, garage switch, animal feeding machine and its accessories, motor, motor speed controller, sensor, valve, aluminum electrolytic capacitor, connector, electro galvanized anode, carbon dioxide analyzer and spare parts, scanner, thermostat designed for air conditioning or heating system, polyethylene film, motorcycle (moped), crab meat, artificial graphite, catalyst, Hydrofluorocarbons, man-made fiber luggage bags, silk fabrics, woven dyed fabrics, polypropylene fibers, non-woven fabrics, motor vehicle rearview mirrors, color digital cameras for microscopes and other commodities.
CBP will subsequently issue import guidelines and implementation rules.
After the news was released, the American people expressed support for this and hoped to further abolish the imposition of tariffs on Chinese goods. However, the scope of exempted commodities was significantly reduced from the previous one, from 549 to 352, involving an amount of about US $61.9 billion. Among all products, the exemption amount of electrical equipment, mechanical appliances and furniture ranks the top three. According to the statistics of Cathay Pacific Securities, the amount of goods exempted from tariffs this time is about US $61.9 billion, accounting for 21% of the total amount of goods subject to tariffs imposed by the United States on China in 2021 and 12% of the total amount of goods imported by the United States to China in the same period.
Huo Jianguo, vice president of the China World Trade Organization Research Association, said in an interview with the global times that the scope of tariffs exempted by the Biden government has been narrowed again, and the Biden government's position on China's economy and trade has not changed. The exemption of the United States has shrunk again and again, and the experts interviewed are not optimistic about the next exemption after the expiration of this exemption.
Contact Person: Mr. Fan