US Extends Tariff Exclusions on Chinese Goods Until May 2024
The extension, covering 352 imports and 77 Covid-19-related categories, allows for further review under a statutory four-year period.
- The US has extended tariff exclusions on 352 Chinese imports and 77 Covid-19-related categories until May 31, 2024.
- The exclusions, initially set to expire on December 31, 2023, include industrial components, some car parts and chemicals, bicycles, vacuum cleaners, and medical products like face masks, examination gloves, and hand sanitizing wipes.
- The extension allows for further consideration under a statutory four-year review.
- President Biden has retained additional tariffs placed on Chinese exports under the previous Trump administration and added new restrictions prohibiting the export of advanced semiconductors and the equipment to make them, citing security concerns.
- Last week, China also extended tariff exemptions for some imported products from the United States until July 31, 2024.