USTR sets 90-day deadline for China tariff exclusion requests
FILE PHOTO: Shipping containers being loaded onto Xin Da Yang Zhou ship from Shanghai, China at Pier J at the Port of Long Beach in Long Beach, California, U.S., April 4, 2018. REUTERS/Bob Riha Jr./File Photo
WASHINGTON (Reuters) - Companies seeking product exclusions from tariffs on Chinese goods imported into the United States will get 90 days to file such requests, until Oct 9, the U.S. Trade Representative's office said on Friday.
Just hours after it activated 25 percent tariffs on some $34 billion worth of Chinese imports, USTR said any exclusions granted would last a year and be retroactive to Friday.
"In making its determination on each request, USTR may consider whether a product is available from a source outside of China, whether the additional duties would cause severe economic harm to the requestor or other U.S. interests and whether the particular product is strategically important or related to Chinese industrial programs, including 'Made in China 2025,'" USTR said.
Once a request is filed and posted on www.regulations.gov, public responses will be collected for 14 days, with an additional seven days for rebuttals.
"Because exclusions will be made on a product basis, a particular exclusion will apply to all imports of the product, regardless of whether the importer filed a request," USTR said.
The tariffs were activated on a list of 818 product categories, including cars, computer disk drives, pump and valve parts and light-emitting diodes under the Trump administration's "Section 301" investigation into China's intellectual property and technology transfer practices and high-technology industrial subsidy programs.
(Reporting by David Lawder; editing by Jonathan Oatis)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Accelerant, Harmonic surge, Cisco slides premarket on margin outlook
- Applied Materials posts record Q3 revenue as AI demand boosts chip equipment sales
- Nyc Pied-a-terre Tax Can Proceed For Now, Appeals Court Says - Bloomberg
Create E-mail Alert Related Categories
General News, Politics, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share