Moving Away From Chinese Imports, China Tariff Exclusions Extended
Monday Morning Wake Up Call
September 8, 2020
Trump again raises idea of decoupling economy from China
With the U.S. election approaching, President Donald Trump on Monday again raised the idea of separating the U.S. and Chinese economies, also known as decoupling, suggesting the United States would not lose money if the world’s two biggest economies no longer did business.
To Read More: https://www.reuters.com/article/us-usa-trump-china/trump-again-raises-idea-of-decoupling-economy-from-china-idUSKBN25Y1V9
USTR extends some China tariff exclusions, but only through end-2020
The U.S. Trade Representative’s office said on Tuesday it has extended China tariff exclusions for a wide range of goods, including smart watches and certain medical masks, through the end of 2020, rather than renewing the previous one-year extension.
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Unless Congress acts quickly, the duty exclusions currently in place for certain products imported from China are set to expire on Dec. 31st. Importers who currently enjoy these exclusions on their pr