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Good news: USTR Grants First Round of Product Exclusions
On Dec. 21, 2018, the Office of the U.S. Trade Representative submitted for publication a Federal Register Notice to modify the Harmonized Tariff Schedule in order to grant nearly 1,000 product exclusion requests from tariffs that went into effect on July 6 on approximately $34 billion worth of imports from China. Additional decisions on product exclusion requests will be announced periodically.
Now the United States has begun to exempt a large area of tariffs, which can said to be a further positive signal from the US. This shows the two sides are moving in a more favorable direction towards a gradual agreement. We are looking forward to future negotiations progress.
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