The United States Department Of Commerce Announced The Latest Tariff Exclusion List Involving More Than 100 Commodities.

Original title: heavy! The United States Department of Commerce announced the latest tariff exclusion list, involving more than 100 commodities, which benefit from listed companies.

During the Spring Festival, the spread of the new crown became the focus, and two big news about Sino US trade were "buried".

In January 31st, the US office of Trade Representative (USTR) announced the latest third US $200 billion tariff exclusion list for the Chinese side, involving 119 products from China, including printed circuit boards, seat parts, nitrile gloves, lamps, tables, special catalysts, etc. The United States Eastern time on February 5th, this list announcement in USTR official website refreshed the state, formally passed.

In January 18th, USTR announced the fourth batch of trade bulletins involving 300 billion US dollars, specifically to amend the 301 investigation notice. Before the United States imposed 300 billion dollars on the tariff, the products in the list A (US $120 billion) were reduced, and the tariff was reduced from 15% to 7.5%. In January 22nd, the list was updated in USTR's official website. The list announcement came into effect early in the morning of February 14th at the eastern time of the United States, coinciding with Valentine's day, just like Trump sent China's "Valentine's Day gift".

The third batch of tax exemption list was released, involving 119 products.

During the Spring Festival, the economic handshake between China and the United States entered the "two step".

In January 31st, the USTR issued 1 new tariff exclusion lists for some products in the third batch of the 200 billion batch of tariffs on Chinese products exported to the United States in September 2018, involving 2 10 United States tariff schedules (HTSUS) and 117 products.

The securities times e reporter inquired the announcement on the USTR official website. Among them, two HTSUS of 8425.31.0100 and 8708.93.7500 were excluded, and the remaining 117 items listed the detailed product list.

In the 117 tariff exemption list, printed circuit boards with specific conditions, such as printed circuit board assemblies for vehicle lighting systems, are included.

All kinds of lighting equipment, such as household electric floor lamp, ceramic household electric lamp or desk lamp, ceiling lamp, flexible strip, etc.

Ding Jingfei medical grade gloves and latex non medical grade gloves.

All kinds of household products include cradles, steel tables, steel lockers, shower and shower faucets, and sewing machines.

All kinds of seat products, such as cushioned seats and wooden seat (except chairs), except for wooden seats or chairs.

A variety of chemicals, including biodegradable products, are certified compostable plastic bags, 100% polyester or polypropylene carpets, specific catalysts, etc.

Products for vehicles, such as motor vehicle rearview mirror.

There are also special agricultural products, including fish, crab, lobster and soybeans.

Fourth batch list A tariff cut

In January 18th, USTR also announced fourth tax cuts for 300 billion US dollars. The name is "Notice of Modification of Section 301 Action:China" s Acts, Policie... " That is to change the announcement on the 301 investigation of the Chinese side. The announcement was updated in January 22nd (similar to the formal adoption of the document), and the weight was heavy.

In August 20, 2019, the United States decided to levy a 10% tariff on the $300 billion commodity, divided into the list A and the list B, and stipulated the different effective time, that is, in September 1st and December 15th of 2019, this document has a total of 168 pages, mostly lists of the tax increase products. In August 30th, the US side made amendments to increase the duty quota from 10% to 15%.

However, the content of listing A is the only way to implement tariffs. The content of listing B is not due to the convergence between China and the United States.

According to the USTR announcement, the tax rate on products raised in the list of A announced by the United States in August 20, 2019 will be reduced from 15% to 7.5%, just in time. The effective date is the eastern time of February 14, 2020 and coincides with Valentine's day. This is also one of the recent "gift items" sent by the us to China.

USTR explained the reason for the tax reduction, which is to fulfill the Sino US trade agreement. In accordance with the president's order, USTR decided to amend the measures taken in the survey of China 301.

Specifically, in January 15th, China and the United States signed the first stage economic and trade agreement. According to the agreement between the two sides, the US side will fulfill the relevant commitments to phasing out tariffs on Chinese products in stages, so as to achieve the change from the increase in tariffs to the reduction in tariffs.

The US side promised that in September 1, 2019 it would halve the tariff rate of $120 billion on Chinese goods, and the tariff would be reduced from 15% to 7.5%.

USTR said that in view of the trade agreement text and the US presidential order, the 301 investigation action in August 20 and 30, 2019 was no longer applicable. And one month later, in February 14, 2020, the new tax reduction measures will take effect.

According to the checklist released by USTR of the securities times e company in August 20, 2019, according to listing A, the main commodity tariff is coded as "9903.88.15". At that time, only the corresponding product codes were published, and no specific items were published. The items in listing B are more detailed and occupy the bulk of the fourth batch of tariff items.

An industry insider said that there were too many contents in the list B. If the United States wants to increase tariffs, the impact of the United States will be greater and has not been implemented.

Blue sail medical related responsible person told the securities times e company, for the fourth batch list of goods in B, the original date of collection is December 15, 2019, and the tariff code is: 9903.88.16, and later due to the great progress made in Sino US consultations, it has not been added, and added a remark 2:Subdivisions (T) and (U) of note 20 to this to Are suspended. (Section 20 (T) and (U) subparagraph and heading 9903.88.16 of the appendix are suspended. )

So, how do we deal with the tariff USTR to be added to listing B?

USTR said in a notice that it would be appropriate to continue to consider actions taken in the 301 investigation and make more amendments.

Early customs duties can be applied for refund.

The United States has the effect of retrospective effect on the goods from September 24, 2018 to August 7, 2020 in the third batch of 200 billion dollar tariff exclusion list.

A responsible person of blue sail Medical Center interviewed by the securities times E on the morning of February 6th, said that the US tax on Chinese exports to the United States was divided into four batches. The office of the United States trade representative will publish the list of exemption regularly, following the announcement of the third batch of tax exemption lists.

The above explained that the list, which originated from the US importing enterprises affected by the Sino US trade war, could apply to the United States for "tariff exemption". The validity period of the exemption Ordinance is from September 24, 2018 to August 7, 2020, and the effective date of the tariff list is added to the original US $200 billion in September 24, 2018. This person explained, that is to say, the tariffs already collected can also be applied for return.

USTR announced in the announcement of the list that this is the "merchandise exception procedure" executed by the US side, which is submitted to the stakeholders for tax adjustment. USTR mentioned in the column "summary". In September 2018, the office of the United States trade representative imposed tariffs on Chinese products with an annual trade volume of about $200 billion against China's actions, policies and practices in technology transfer, intellectual property and innovation. The office of the United States trade representative launched a commodity exception procedure in June 2019, and stakeholders have already submitted requests to exclude specific products. This notice announces that the United States trade representative has decided to ratify certain exceptions specified in the annex to this notice and to correct technical errors in previously announced exceptions.

In addition, the United States launched the 300 billion dollar tariff exclusion application in October 31, 2019. From October 31, 2019 to January 31, 2020, the United States interested parties may apply to the USTR to exclude the application. The information they need include information about the substitutability of the products, whether they have been anti-dumping or countervailing duty, whether they are of strategic importance or are related to the 2025 industrial policies made in China. If the application is approved, the tariffs that have been added since September 1, 2019 can also be recalled back.

The eighth issue of the third batch of tax exemption list

The US $200 billion tariff levy list has been officially implemented since September 24, 2018, with an initial levy of 10%. In May 10, 2019, the levy rate was raised to 25%.

Since August 7, 2019, USTR has published tariff exclusion lists every month.

In August 7, 2019, USTR announced a product exclusion notice under the $200 billion tariff list, excluding a total of 10 products.

In September 17, 2019, USTR issued 3 notice of tariff exclusion list, which involved 34 billion tariff exclusion, 16 billion tariff exclusion and 200 billion tariff exclusion respectively. The 200 billion tariff exclusion list involved 38 products.

In October 23, 2019, USTR announced a product exclusion notice under the list of $200 billion plus tariff products. This excludes a total of 83 products.

In November 7, 2019, USTR announced a product exclusion notice under the list of $200 billion plus tariff products. This excludes a total of 36 products.

In November 26, 2019, USTR announced a product exclusion notice under the list of $200 billion plus tariff products. This excludes a total of 32 products.

In December 12, 2019, USTR announced a product exclusion notice under the list of $200 billion plus tariff products. This excludes a total of 44 products.

In December 31, 2019, USTR announced a product exclusion notice under the list of $200 billion plus tariff products. This excludes a total of 68 products.

In January 31, 2020, USTR announced a product exclusion notice under the list of $200 billion plus tariff products. This excludes a total of 119 products.

It can be found that this is the eighth time that USTR announced the product exclusion notice for the third batch of 200 billion dollar plus tariff list items, and it was also the most involving product item.

As of the eighth announcement, the United States eliminated a total of 430 items, of which 415 products were partially excluded and 15 HTSUS codes were excluded.

Which listed companies are good?

After the above products are excluded from the list of tariffs, the tariff will be greatly reduced, which will benefit China's export of related products to the US.

On the evening of February 5th, the announcement was made by the blue fan medical company, which was favorable to the company's performance after its export duty to the US.

LAN fan medical bulletin said that the two batches of the list involved the products of blue sail medical products, and all were tax deductions. Among them: nitrile nitrile medical grade gloves in the $200 billion exclusion list, nitrile medical grade gloves in the fourth batch of $300 billion tax deduction list. Ding Jingfei's medical grade gloves products will be exempt from additional duties, the customs duty rate will be reduced from 28% to 3%, and the tariff rate of nitrile medical grade gloves will be reduced from 15% to 7.5%.

LAN fan medical center is located in Zibo, Shandong, mainly engaged in research and development, production and sale of medical and health protective products and interventional devices for cardiovascular and cerebrovascular diseases. The main products include PVC gloves, nitrile gloves and cardio cerebral vascular interventional devices. Some of them are exported to the United States, Europe and other countries and regions. The lowering of the tariff rate will help enhance the export competitiveness of the company's products and lay a solid foundation for further expanding the international market, which will have a positive and positive impact on the company's future annual performance and production and operation. The company is in the process of expanding convertible bonds. Convertible bond investment projects include third annual production of 2 billion nitrile gloves projects and an annual output of 4 billion PVC health protection gloves. Due to the spread of the new crown disease, the company is in the epidemic prevention industry chain, with sufficient orders and overtime production during the Spring Festival.

Similar to Zibo's listed companies, Ying Ke medical and blue sail medical business will benefit from it.

In the two tax cuts announced by USTR, it also involves more products exported to the United States, such as printed circuit board enterprises, lamps and lanterns enterprises, seat manufacturers, degradable plastic bags manufacturers, and the fourth batch of 300 billion enterprises involving A in the third batch of tax lists.