There Is No Winner In The Trade War: The United States Announces 437 Tariff Increases And Excludes Good Commodities.

On the 17 day of the local time, the office of the United States Trade Representative (USTR) announced 3 notice on the elimination of tariff goods to China, and over 400 items were exempt from customs duties. Unlike previous times, the list involved the 3 batch of Chinese products announced by the us to impose tariffs.

The three batch of tariff added commodities is involved.

According to combing, this tariff exclusion list covers 437 commodities. The main commodities excluded are all kinds of instruments and equipment parts, organic synthetic materials, daily necessities, chemical products, textiles, mechanical and electrical equipment, chemical products, iron and steel products, etc. These commodities are distributed in the 3 batch of Chinese products that have been added to the tariffs announced by the United States since last year, 34 billion US dollars, 16 billion US dollars and 200 billion US dollars respectively.

Since December 28, 2018, USTR has published 11 batches of commodity exclusion lists. According to the first financial reporter, there were 984 items, 87 items, 21 items, 515 items, 464 items, 110 items, 69 items and 10 items in the first 8 times. In September 17th, USTR released 3 batches of exclusion lists, involving 3 large quantities of commodities, which had never happened before.

USTR announced in the notice of exclusion of $34 billion in tariff goods that in September 17, 2019, USTR issued Notice No. 3290-F9 to announce the products that could be excluded from customs duties. According to the United States Trade Act 1974 301st B, 301st C and 307th a, as well as the recommendation of the 301 paragraph of the inter Agency Committee, the trade representative of the United States declared that 310 of them were subject to tariff exclusion. The statement also referred to the recommendations and comments of the Advisory Committee and the public on the relevant tariff exclusion products, the statement said.

The 310 commodities are mainly electrical and mechanical instruments, equipment and spare parts, including pump turbines, electric equipment, engines, lifting appliances, medical equipment and optical equipment.

The inclusion of the $16 billion tariff exclude list includes PVC, PVC, PVC, plastic pipes, hose and hose connectors and connectors, knob knots, iron or steel balconies, awning and scaffolding, galvanized steel pipes, agricultural or horticultural machinery rotary internal combustion engines and other 89 categories of commodities.

In addition, 38 categories of commodities, such as daily necessities, chemicals, textiles, electrical and mechanical equipment, were included in the exclusion list of $200 billion plus tariff items. Among them, daily necessities account for about 1/3, including LED lamps, which are closely related to daily life of the American people, lighting accessories for gardens, courtyards and desktops, composite wood floors, cups for brew coffee and filters, portable single grills, and safety belts for dogs.

The US chemical Council (ACC) issued a statement yesterday against the Trump administration's plan to impose tariffs on Chinese goods. The statement said that although the chemicals imported from the United States increased by 22.7% in 2018, retaliatory tariffs suppressed exports of Chinese chemicals to the United States, resulting in an almost 2 fold increase in 2018's trade deficit with China, from $1 billion 400 million to $4 billion. The US chemical industry is the major export industry in the United States, accounting for more than 10% of the total US exports.

Christmas products are listed.

The revision of the tariff exclusion list is good for Chinese exporters, American importers and American consumers.

For the American consumers who are going to spend Christmas, the good news is that a small lighting device for Christmas tree decoration is also in the exclusion list.

According to a survey released by the Pedersen Institute for international economics, Christmas products and Christmas lights ranked third and tenth respectively in the "made in China" products TOP10 consumed by Americans.

According to the US Census Bureau, taking into account the demand for inventory, the purchase of 80% of American imports of lighting is completed every year in 8~10 months, while Chinese goods account for about 85% of these American imports, and almost all LED lamps used by Americans come from China.

In textiles, 100% of polyester woven microfiber fabrics and polyester products are also excluded from this list.

According to the statistics of the China Textile Import and export chamber, the export volume of China's textile and apparel exports to the United States last year was about 10 billion 300 million US dollars, accounting for about 16% of China's exports to the US textile and clothing and raw materials, and about 1.7 000 of the export enterprises.

Rufus Yerxa, chairman of the US Foreign Trade Council, has said that the United States no longer has the infrastructure to manufacture clothing, textiles and other related products.

For the US textile industry, the lifting of the ban on Chinese textiles at least eased the urgent need.

Many industry insiders say that the announcement of the exclusion list is good news for Chinese export enterprises in related fields, especially the enterprises that are currently striving for Christmas orders.