China has extended the policy of not imposing tariffs on 95 US products until July 2024

From January 1,2024,China will continue to implement a non-tariff policy on 95 U.S.goods.This decision was issued by the Tariff and Tax Commission of the State Council and announced to the public through the website of the Ministry of Finance on December 22.This policy extends the "Announcement of the Tariff and Tax Commission of the State Council on the Eleventh List of Excluded and Deferred Tariff Increase on U.S.Goods" (Announcement No.6 of 2023 of the Tariff and Tax Commission),and the original exclusion period will expire on December 31,2023.

The extended exclusion measures will continue until July 31,2024.During this period,the 95 US products involved will not be subject to the tariffs imposed by China in response to the US Section 301 measures.This decision reflects China’s flexibility in trade policy and its emphasis on the stability of international economic and trade relations.

This move not only helps to ease Sino - US trade frictions,but may also provide more room for cooperation and dialogue between the two sides,promoting the stable development of bilateral trade relations.For related industries,this policy will reduce operating costs,enhance market competitiveness,and is of great significance for maintaining the stability of the supply chain and promoting economic recovery.