The Office of the United States Trade Representative (USTR) announced on November 26th that it will extend the tariff exemptions imposed on Chinese goods based on the results of the Section 301 investigation until November 10, 2026.
These exemptions primarily target products related to technology transfer and intellectual property rights from China, aiming to provide temporary tariff exclusions for certain imports from China.
The extended exemptions were originally scheduled to expire on November 29th of this year. This decision means that relevant companies can continue to enjoy the current tariff exemption arrangements for nearly two years, helping to maintain the stability of some trade activities amidst strained bilateral trade relations. The USTR stated that this move also provides more time for further assessment of relevant trade policies and their impact.