This morning, NHLA received word from our friends at the American Hardwood Export Council that the Chinese Government has extended the tariff exclusions for many U.S. products, including hardwood lumber and logs, through September 16, 2021.
Below is the WeChat message from the Embassy in its entirety. Apparently, U.S. hardwood logs and lumber were the only agricultural products included in the extension. AHEC is working with the Embassy to clarify all HS codes involved, but they believe it includes most, if not all species, that were originally hit with tariffs. (see the preliminary list of HS codes in the message).
Ministry of Finance just announced (around 7:30 pm) to extend the tariff exclusion for the seven listed wood products to September 16, 2021. The original exclusion will expire on February 27, 2021.
Here is the translation of the announcement:
Announcement of the State Council Customs Tariff Commission on the Third Extension of Tariffs Exclusion List on the United States Products
According to the "Announcement of the State Council Tariff Commission (SCTC) of on the First Exclusion List of the Second Batch of the US Products" (Tax Commission Announcement [2020] No. 3), the first tariff exclusion list of the second batch of the United States products expires on February 27, 2021. SCTC decided in accordance with procedures to extend the exclusion period for the above-mentioned commodities. The relevant matters are hereby announced as follows:
For the 65 items listed in the annex, the exclusion period stipulated in the Tax Commission Announcement [2020] No. 3 will be extended. From February 28, 2021 to September 16, 2021, the listed products continue to be exempted from additional tariff levying measures against the U.S. 301 measures.
(end of the translation)
Among the 65 items, there are seven wood products (HS code below), no other agriculture products.
Today, the Alliance for Chemical Distribution (ACD) welcomed 666 members and industry leaders for its highly anticipated 2024 Annual Meeting held in La Quinta, California.
View ArticleThe National Retail Federation still expects steady sales growth for the winter holiday season despite contradictions in the latest economic indicators, NRF Chief Economist Jack Kleinhenz said today.
View ArticleDonald Trump’s victory in the US Presidential Election is ‘a step in the wrong direction’ for international trade as importers fear another spike in ocean container shipping freight rates.
View ArticleIndustry updates and weekly newsletter direct to your inbox!