Chinese wooden furniture granted U.S. tariff exemption | China-US trade war

It faced a 10% tariff in September 2018, and then in 2019, the tariff rate rose to 25%.

The US government has announced that two types of furniture originating in China will be exempted from customs duties.

 

This category of furniture includes wooden frames, upholstered dining chairs (not teak), plywood that serves as part of the chair and is not yet finished: including chair body, legs and armrests.

 

The above products faced a 10% tariff in September 2018, and then in 2019, the tariff rate rose to 25%.

 

As of November 2019, at least 2,500 U.S. companies have asked to waive tariffs on their imports from China. Each company requesting this right needs to explain to the U.S. Trade Representative's office why it applied for the exemption.

 

Most companies have almost the same words to the US Trade Representative's office: they cannot find a substitute product; the substitute product will greatly lose the company's interests; the company's supply chain is deeply rooted in China It is possible to relocate production operations to the United States within a short period of time.

 

As of October 2019, the Office of the United States Trade Representative has ruled 439 requests for tariff exemptions, of which 61 have been approved and 378 have been rejected.

 

In addition, in August 2019, the U.S. government announced that it would suspend a 10% tariff on some furniture made in China.

 

According to the Wall Street Journal, China's furniture shipments to the United States fell by at least 30% in 2019. The U.S. tariffs on China will cause U.S. consumers to spend an additional $ 4.6 billion on imported furniture.

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