China to continue to exempt some US goods from additional punitive tariffs until Apr 30 next year
MACRO POLICY & REGULATION
China to continue to exempt some US goods from additional punitive tariffs until Apr 30 next year
MACRO POLICY & REGULATION

China to continue to exempt some US goods from additional punitive tariffs until Apr 30 next year

 

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China will continue to exempt certain US goods from additional punitive tariffs until April 30 next year, the Customs Tariff Commission under the State Council said on Wednesday.

The exemption from China’s countermeasures against the US Section 301 measures was set to expire on September 15, 2023.

The tariff exemptions involve such products as lubricating oil, metals, forging machines, laser products and healthcare products, according to a list published on the website of Ministry of Finance.

The move came after the office of USTR last week announced the further extension of 352 reinstated exclusions and 77 COVID-related exclusions in the China Section 301 investigation, set to expire at the end of September, until December 31 this year.