The office of U.S. Trade Representative Katherine Tai on Wednesday further extended China 'Section 301' tariff exclusions on 352 Chinese import and 77 COVID-19-related categories till Dec. 31 that were set to expire on Sept. 30.
on 352 Chinese import and 77 COVID-19-related categories till Dec. 31 that were set to expire on Sept. 30.The import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners. The COVID-related exclusions include medical products like face masks, examination gloves and hand sanitizing wipes.The extension until Dec.
* The duties currently range from 7.5% on many consumer goods to 25% on vehicles, industrial components, semiconductors and other electronics. Among the major categories that escaped tariffs were cellphones, laptop computers and videogame consoles. * The Trump administration had used Section 301 of the Trade Act of 1974, a statute aimed at combating trade partners' unfair practices, to launch the China tariffs." and called U.S. 301 tariffs on Chinese imports "discriminatory," when Raimondo visited Beijing.
* Tariffs are only one component of strains in U.S.-China relations off late. Other contentious issues include Taiwan, spying allegations, human rights and the origins of the COVID-19 pandemic.
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