In the past few days, Sino-US trade wars have been filled with smoke.

 

I believe everyone knows now that there is no winner in the trade war, and the result of any trade war is double loss or even loss.

 

It is reported that the United States is currently in the process of preparing for the “reduction pain” measures of their enterprises and industries.

 

The "tariff exemption" policy introduced by the United States is to provide a "back door" to the US multinational corporations that were mainly injured in this trade war. This also proves that Trump's trade war is "killing the enemy." 800, self-loss 1000".

 

On July 6, the United States officially began to impose a 25% tariff on Chinese products worth $34 billion. On the same day, the Office of the US Trade Representative (USTR) suddenly announced that US companies that import products from China affected by trade wars can apply for a one-year “tariff exemption” for the US government for 90 days.

 

Within 14 days of the application, the relevant company can continue to provide reasons for applying for an exemption. If there are opponents, they can raise their opposition in the next 7 days.

 

After that, the Office of the US Trade Representative will decide whether to grant an “exemption” from the following three aspects:

 

1. Whether the product has an alternative source of supply outside of China;

 

2. Whether the tariff will seriously damage the interests of the US company applying for the application or the United States;

 

3. Whether the product has important strategic significance for China's related industrial projects.

 

In addition, the US Trade Representative Office also stated that because this “tariff exemption” is based on the product, once a product is exempted, all US companies that import the product will not be subject to additional tariffs, regardless of whether they are Filed an application.

US 301 tariff list product exclusion rules for China

● Objects for application exclusion:

 

The USTR announced that for the 818 tax IDs that are subject to tariffs, interested parties can apply for exclusion for a product under a certain tax number (not the entire tax number).

 

● Information to be submitted:

 

The US stakeholders are entitled to exclude the US stakeholder. The applicant should submit the following information:

 

1. The physical property information of the specific product to be excluded from the application to distinguish it from other products under the same 8-digit tax number;

 

2. The 10 US Customs Code corresponding to the product;

 

3. The regulatory approach that US Customs can take for excluded products;

 

4. The quantity and amount of the product imported from China by the applicant in the past three years;

 

● Exclusion criteria:

 

The applicant should also explain the reasons for the application exclusion from the following aspects, or prove that the application meets the exclusion criteria:

 

(1) Whether the product can only be imported from China, and whether the product or the source of the comparable product can be found in the United States or a third country;

 

(2) Whether the tariff imposed on the product will cause serious economic damage by the applicant and other US interests;

 

(3) Whether the product is closely related to “Made in China 2025” or other industrial policies in China.

 

● Excluded programs:

 

1. Product exclusion applications should be submitted by October 9, 2018;

 

2. For each product exclusion application, other parties may post comments within 14 days, including support or objection to the exclusion request;

 

3. For each comment, the applicant or other interested parties can respond within 7 days.

 

● Exclusion decision:

 

The USTR will review each product exclusion request one by one, and make a decision based on whether the specific application meets the above three exclusion criteria.

 

If the USTR decides to exclude the product after review, the exclusion will be retroactively effective from July 6, 2018 and will be valid for one year from the date of the announcement of the exclusion decision.

 

It is worth noting that the exclusion decision is for a product, so the decision applies not only to the importer who submitted the application, but to all imports of the product.

 

● Application method:

 

Exclusions should go to www.regulations.gov, then enter the case number USTR-2018-0025 and click on “comment now” to submit online.

 

● Application note:

 

1. An application is filed for a product. If there are multiple products, they should be submitted separately.

 

2. The applicant is required to submit a statement confirming that the information submitted is complete and true.

 

3. If the application contains confidential information, you must submit both a public version and a confidential version, and indicate the nature of the version in the file name. Use BC for the confidential version and P for the public version.

 

In response to the United States promulgating the rules for the exclusion of products from China's 301 tariff list, China's Ministry of Commerce announced a new set of measures to counter the US trade war against me.

 

Therefore, in the face of the US’s practice of launching a trade war against China, we must strive to reduce our losses while fighting back.

 

It is in this kind of consideration that our Ministry of Commerce just announced a new set of measures to alleviate the impact of US trade warfare on China.

 

According to the information released by the Ministry of Commerce, some of the initiatives that have taken shape include:

 

1. Increase the tariff income added to the countermeasures to alleviate the impact of enterprises and employees

 

2. Encourage enterprises to adjust their import structure, such as increasing imports of agricultural products and automobiles from other countries and regions.

 

3. Create a better investment environment and legal rights protection for enterprises

 

At the same time, the business sector is still continuously assessing the impact of various types of enterprises, and actively seeking opinions and suggestions, and exerting the wisdom of our people to fight against US trade protectionism. Individual companies that are seriously affected can also directly report to the local government departments.

The "tariff exemption" policy introduced by the United States is to provide a "back door" to the United States' own multinational corporations that were mainly injured in this trade war.

 

The latest report from the US media is that Trump is still considering providing more financial subsidies to China's counter-injury and the deepest US agriculture. Some media even claimed that the Trump administration may come forward to acquire affected farmers. And their products, and then the government wants to sell it.

 

This means that the current US-initiated trade war has entered the stage of “seeing who can best blame and consume the most energy”.

A number of economic and trade scholars interviewed by The New York Times also pointed out that Trump is one of the most essential issues in launching a trade war with China and other countries: he seems to want to help American companies, but he and his team The chaos and lack of clarity of the policy, but his "help" presents a sly scene of "pressing the gourd to float", the result is that many companies and even the whole do not know how to face these changes.

 

Finally, although the effects of these "reducing pain" and "blood-filling" policies that we have introduced today have yet to be tested by time, we have no choice but to fight the war of consumption in the United States; but for the United States, In addition to China, the main battlefield that stands for the banner of free trade, there are consumption wars in Canada, Mexico, and Europe and other countries and regions waiting for it.

 

In the words of the American media, Trump has already been overwhelmed.