May 18, 2020

China Announces New Trade Measures, Tariff Exemptions

According to Reuters, the Chinese government will extend anti-dumping duties on certain alloy steel seamless tubes and pipes from the United States and European Union for five years. The extension started May 10, 2020. The decision reportedly was part of a final review of anti-dumping duties for the products that had been in place from 2014 to May 2019. Duties on U.S. companies will total between 101 percent and 147.8 percent.

A few days after that announcement, the Chinese government released a new batch of tariff exclusions. According to a notice, 79 U.S. imports, including rare earth ores, silver and gold ores, concentrates, some nickel, and aluminum alloy products, will be eligible for waivers from China’s retaliatory tariffs. The tariff waiver will be in effect from May 19, 2020 to May 20, 2021. Click here for more information.