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Companies May Now Submit Requests To Be Excluded From China’s List 3 Tariffs
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The US Trade Representative (USTR) will accept exclusion requests for "List 3" products imported from China beginning June 30 and ending September 30, 2019, as reported by the SEMA Washington, D.C. staff. Any exclusions granted will be retroactive to September 24, 2018, when the duties were first put in place and will last for one year after it has been accepted.
The List 3 group of Chinese imports covers nearly $200 billion worth of products, including auto parts from engines and metal fasteners to tires, transmission belts, brake pads and suspension springs.
The deadline for submitting exclusion requests for about $50 billion worth of Chinese products covered under Lists 1 and 2 has already closed. The USTR is still reviewing Lists 1 and 2 claims, which include some miscellaneous metal, rubber and plastic parts for auto equipment.
Companies seeking requests will be asked to demonstrate that the product is available only from China, that the tariff will cause severe economic harm and that the good is strategically important. If a request is granted, it will apply to all imported products within the tariff subheading, not just the company making the request.
For more information on submitting a List 3 exclusion request, visit here. For more information, visit sema.org or contact Stuart Gosswein at stuartg@sema.org.
Image courtesy of Auto Care Association, BusinessWire
The List 3 group of Chinese imports covers nearly $200 billion worth of products, including auto parts from engines and metal fasteners to tires, transmission belts, brake pads and suspension springs.
The deadline for submitting exclusion requests for about $50 billion worth of Chinese products covered under Lists 1 and 2 has already closed. The USTR is still reviewing Lists 1 and 2 claims, which include some miscellaneous metal, rubber and plastic parts for auto equipment.
Companies seeking requests will be asked to demonstrate that the product is available only from China, that the tariff will cause severe economic harm and that the good is strategically important. If a request is granted, it will apply to all imported products within the tariff subheading, not just the company making the request.
For more information on submitting a List 3 exclusion request, visit here. For more information, visit sema.org or contact Stuart Gosswein at stuartg@sema.org.
Image courtesy of Auto Care Association, BusinessWire
