The U.S. government received tariff cries, news by Hebei Longhseng and minerals
| The U.S. government has received 8,241 requests for exemptions from America’s section 301 duties on Chinese exports. The duties covered around $50 billion of products in two lists applied on July 6 and August 24. Exemptions have been received from 788 companies. None have had a formal approval yet while 9.9% of the requests have been denied. A large proportion of tariff-afflicted products are covered by the exemption requests. The requests cover products where imports in total (not just by requestors) reached $36.7 billion in the 12 months to Aug. 31. The largest products include speciality electronics ($1.9 billion) such as e-cigarettes, microprocessors such as those used in wearables ($1.7 billion) and passenger vehicles ($1.39 billion) including General Motors'. GM made 40 requests in total but is not waiting for approvals before updating its supply chains. The firm has cut its seaborne imports of the requested products from China by 37.0% in the third quarter of 2018 vs. the second quarter and has compensated with increased imports from Mexico. (Panjiv |
