By SEMA Washington, D.C., Staff
The U.S. Trade Representative (USTR) granted 266 extension requests of the 960 exclusions previously granted for List 3 products imported from China and subject to 25% tariffs. The exclusions expired August 7, 2020, and the new extensions expire on December 31, 2020. There was no indication that the USTR would provide for any additional extensions after December 31.
List 3 covers more than 5,000 Harmonized Tariff System Code listings valued at $200 billion worth of imports, which include many auto parts. The extensions cover exclusions granted between October 28, 2019, and May 28, 2020.
In making its decision regarding extensions, the USTR considers factors, such as whether the product is available from other sources outside of China, efforts taken by the importer to alter its supply chain, whether Chinese suppliers had lowered their prices for products covered by the exclusion and whether the U.S. importer will suffer severe economic harm if the extension is not granted.
Click here for additional information.
For more information, contact Stuart Gosswein at email@example.com.