Chinese Tariff Exemption Extended Until Nov. 30, 2022
Dear AHEC Members,
The Ministry of Finance of China issued a statement today which will continue the existing tariff exemption on US hardwood lumber and logs through November 30th, 2022. You can view the statement (in Chinese) here: http://gss.mof.gov.cn/gzdt/zhengcefabu/202204/t20220415_3803082.htm
The announcement specifies that from April 17, 2022 to November 30, 2022, the goods listed in the annex will continue to be exempt from tariffs imposed to counter the US Section 301 measures. The referenced annex includes HS codes for US hardwood lumber and logs; the exact same HS codes that were previously used in the tariff exemptions going all the way back to Feb 2020. The specific codes listed are:
||North American Hardwood Logs
||Other North American Hardwood Lumber
This statement effectively means no changes to tariffs on US hardwood products, and business will continue as it has for the past two years with no tariffs on US hardwood logs and lumber.
We will continue to update you on the situation and if there are further developments in US-China trade policy.
INTERNATIONAL PROGRAM MANAGER
42777 Trade West Drive
Sterling, VA 20166