China: China Extends Tariff Exclusions on Hardwood Products
Link to report:
China extended the Section 301 retaliatory tariff exclusions on five hardwood categories that accounted for U.S. $824 million in American exports to China in 2020. The five hardwood tariff lines are part of a list of 65 commodities that had their Section 301 tariff exclusions extended through September 16, 2021. The exclusions were set to expire on February 27, 2021, which would have resulted in the reimposition of additional tariffs of 20 to 25 percent on the affected hardwood exports.
