The Office of the U.S. Trade Representative is continuing to review outstanding exclusion request for List 1 and List 2 goods, imports of which are collectively worth about $50 billion, and has set a Sept. 30 deadline for requests for List 3 of goods, which are worth about $200 billion.
Upon approval, an exclusion request will apply retroactively from September 24, 2018, the date the original 10% tariffs were imposed, and remain for one year from the date the exclusion is granted. The USTR will determine an exclusion on a product basis and not based on an individual request. In other words, once approved, a product exclusion will apply to all similar products and for all individuals – regardless of who initially filed for the exclusion.
List 1
USTR indicates that of the 10,837 exclusion requests submitted for List 1 of goods, as of July 26 there were 6,624 denials and 2,812 approvals. Exclusion approvals are retroactive to July 6, 2018.
List 2
USTR has denied 1,319 of the 2,931 exclusions requests received, which are retroactive to August 23, 2018.
List 3
From June 30, USTR began accepting tariff exclusion requests and all such must be submitted by Sept. 30. If granted, the exclusion will be effective for one year and retroactive to Sept. 24, 2018.
List 4
President Trump announced in June the indefinite suspension of plans to impose additional tariffs of up to 25 percent on List 4 of goods (imports of which are valued at approximately $300 billion) while the U.S. and China continue negotiations on a bilateral trade agreement.
SOURCES: http://www.mondaq.com & www.strtrade.com
