The U.S. Intends To Extend The Tariff Exemption Period For China's Defense Epidemic Goods By Six Months

- Mar 06, 2021-

Bloomberg reported on March 6 that the United States will extend the tariff exemption period for masks, cleaning supplies and other personal protective equipment made in China for six months to avoid rising costs during the fight against the epidemic.

   According to the draft notice of the US Trade Representative seen by Bloomberg, this will affect 99 products. The exemption period was extended once in December last year, and this time it will last until the end of September.

According to the Securities Times, in 2019, the U.S. government announced an additional 15% tariff on Chinese goods worth about 125 billion U.S. dollars, and subsequently reduced the tariff rate to 7.5% in the first phase of the trade agreement signed between China and the United States in January 2020. However, some of these products were temporarily exempted from tariffs.

The Office of the United States Trade Representative issued a document in September last year that for some Chinese products, including smart watches and certain medical masks, the tariff exemption period will be extended by another 4 months to the end of 2020. The exemption period for the previous year was September 1st. maturity. The extended list includes medical equipment such as masks, respirators, stethoscope covers, gauze sponges, and blood pressure cuffs.

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