Shanghai Zhongshen International Trade Co., Ltd. - Two decades of trade agency expertise.
Service Hotline: 139 1787 2118
The United States continues to extend the tariff exemption for 429 Chinese goods
Category: Trade ComplianceDate: October 15, 2024 12:06Source: Information Service Department
Home?Trade Compliance? The United States continues to extend the tariff exemption for 429 Chinese goods
The United States has decided to further extend the exemption period for additional tariffs on 429 Chinese products. This is a measure taken by the United States after the outbreak of the COVID - 19 pandemic to ease the burden on industries and retailers.
Overview of Exemption
? On September 6, local time, the Office of the United States Trade Representative (USTR) announced the extension of the exemption period for additional tariffs on 429 Chinese products until December 31, 2023. ? Among them, 352 are regular products and 77 are medical protective products.
Specific Products
?Regular products:Including hot - roll laminators, water filters, garage door openers, motorcycles, crab meat, catalysts, etc. ?Medical protective products:Including disposable plastic filters, ultrasonic scanning devices, X - ray examination tables, disposable gloves, hand - sanitizer pump bottles, etc.
Historical Review
? In 2018 - 2019, the United States imposed additional tariffs on hundreds of billions of dollars worth of Chinese products. ? In 2020, the United States exempted more than 2,200 Chinese products from additional tariffs. ? In December 2020, the USTR extended the exemption period for additional tariffs on some medical protective products. ? In October 2021, the USTR proposed to re - exempt 549 Chinese products from additional tariffs. ? In March 2022, the tariff exemption for 352 products was confirmed.
Chinas Attitude
? In March 2022, the Ministry of Commerce stated that this would help the normal trade of related products. ? China calls on the United States to cancel all additional tariffs on China.
Business Recommendations
? Forforeign tradeEnterprises need to check the announcements and verify the tax numbers and items. ? Communicate with customers in a timely manner and make good export arrangements.
In the face of challenges in the global economy, economic and trade cooperation between China and the United States is particularly important. This extension of the tariff exemption not only brings practical benefits to both countries but also injects confidence into the global economic recovery.
The above content is from the Information Service Department.ZhongShen International TradeAs a one - stop importExport Representationservice provider, it can provide customizedimport and exportsolutions for various industries. If you need foreign trade import and export agency services, welcome to contact our company for business consultation. The consultation hotline is 139 - 1787 - 2118.