Since 1922

China Accepting Applications for Tariff Exemptions

 

China’s Ministry of Finance announced today that China’s tax authority will begin accepting applications from Chinese domestic firms for the exemption of additional tariffs imposed on some US products, including U.S. hardwoods starting March 2, 2020. Applications for one-year waivers must be submitted by Chinese firms; US companies are not eligible to submit requests directly to the reviewing body. The Ministry indicates that applications will be reviewed within 3 business days. Chinese buyers will have to get waiver approvals before their cargos can clear customs.

You may read the English translation of the announcement here: Waiver Announcement Translation

It is important that US hardwood exporters communicate with their Chinese customers in order to encourage as many Chinese entities as possible to push for tariff exclusions on US hardwood. A previous USDA report (here) contains step by step instructions on how your customers can apply, who is eligible, and what information is required as well as links to the Chinese State Council Customs Tariff Commission who will be reviewing the applications. As stated in the original Chinese document, applicants need to show the tariffs on US goods impact their business in one or more of the following ways: 1) the Chinese importer faces challenges seeking alternative sources of supply; 2) the tariffs cause serious economic damage to the applicant; 3) the tariffs cause major negative structural impacts on the relevant industries or lead to serious social consequences.

The Hardwood Federation will continue tracking progress very carefully…particularly reports from the industry about hoped for increased orders from China.

TOOLS & RESOURCES
Hardwood Wizard
A powerful search engine created specifically for the hardwood industry . . .READ MORE
Hardwood Wizard
A powerful search engine created specifically for the hardwood industry . . .READ MORE
Hardwood Wizard
A powerful search engine created specifically for the hardwood industry . . .READ MORE
Hardwood Wizard
A powerful search engine created specifically for the hardwood industry . . .READ MORE
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