Weigh! The United States Will Start The Exclusion Procedure For The Products In The Tax List Of US $300 Billion In China

The U.S. Department of Commerce has announced that it will start the exclusion process for China's $300 billion tariff list products from October 31.

From October 31, 2019 to January 31, 2020, U.S. interested parties may apply to USTR for exclusion. The information to be provided includes the substitutability of relevant products, whether they have been subject to anti-dumping and countervailing duties, whether they have important strategic significance or are related to industrial policies such as made in China 2025, etc. If the exclusion application is approved, the duties already imposed since September 1, 2019 can be returned retroactively.

Wang Yi talks about Sino US economic and trade consultations: will not take advantage of and influence the third party

Not at the expense of the third party.

On October 21, 2019, when state councilor and foreign minister Wang Yi accepted an exclusive interview with Agence France-Presse in Paris, he answered questions about Sino US economic and trade consultations.

Wang Yi said the Sino US trade war was provoked by the US side, and China was forced to make a necessary and reasonable response. The purpose is to safeguard the legitimate rights and interests of the Chinese side, as well as to safeguard the free trade system and safeguard the common interests of all countries including France.

Wang Yi said that the latest round of consultations between China and the United States has made substantial progress and laid an important foundation for reaching a phased agreement. Facts have proved that as long as the two sides conduct consultations on an equal footing in a mutually respectful manner, it is absolutely possible to find a solution acceptable to both sides. Conversely, consultations can be disrupted or even frustrated. Lessons learned in this regard are worth learning. If China and the United States can reach an agreement, first of all, they will benefit both China and the United States, as well as all countries including France. Because the agreement means that China's independent reform and opening up policy has been recognized and supported by more countries, indicating that the United States will also conduct economic and trade consultations with other countries in a more equal manner, including economic and trade consultations with the European Union.

Wang Yi said that in the Sino US economic and trade consultations, China will not take advantage of the third party, nor will it affect the third party, nor will it take the third party, including China EU relations as its price. As the largest potential market in the world, China's opening up is oriented towards all countries. China's opening door will only be bigger and bigger, not only open to the United States, but also open to France and open to the world. At the same time, China hopes that the EU will not affect the third party in its economic and trade consultations with other countries, and will not affect the legitimate interests of the Chinese side. In particular, it should continue to provide a more fair, just and non discriminatory business environment for Chinese enterprises to enter Europe. China is willing to work together with other countries to safeguard the free trade system, conform to the trend of globalization, and build an open world economy.

A link to the USTR announcement is as follows:

Https://ustr.gov/sites/default/files/enforcement/301investigations/procedures for "requests" to "exclusive" special "products" from "the August" 2019 "action.pdf

The website for exclusion is as follows:

Https://exclusions.ustr.gov