Over 400 types of Chinese products will face temporary exemption from tariffs that President Donald Trump’s administration imposed on $250 billion worth of goods, a year ago.
The exemptions include, Christmas tree lights, plastic straws, pet supplies and printed circuit boards, according to three notices posted on Friday by the Office of the U.S. Trade Representative.
Single-speed bikes, water drinking fountains for pets, heat exchanges, household water filter cartridges, and chest-type coolers, include other products set to face exemption, according to Politico. The excluded products will equal to 437 along with over 1,100 exemption requests by companies and other entities in the United States, according to the documents released today.
Three sets of exclusions were arranged according to the documents, One set is based on the Sept. 24, 2018 tariffs on $200 billion worth of goods, which will mature on Aug. 7, 2020. Another set is based on the tariffs that took effect on Aug. 23, 2018 of $16 billion worth of goods, which will mature one year from Friday. The other set is based off tariffs of $34 billion worth of goods implemented on July 6, 2018, and will also mature one year from Friday.
“The latest exemptions are a tacit acknowledgement by the US of the damage being done to domestic interests by the imposition of tariffs,” Stephen Olson, a research fellow of the Hinrich Foundation said in an email according to CNBC.
Olson continued “The timing however is interesting, It suggests that both sides have determined that further escalations are not desirable right now, so they are trying to create positive atmospherics before the October round of negotiations.”
Along with Friday’s tariff exemption, trade war tensions within the past couple of weeks appear to eased down, as Trump in a gesture of good will towards the People’s Republic of China, delayed tariff hikes on $250 billion worth of goods on Sept. 12., scheduled to take effect on Oct. 1 and moved to Oct. 15. In addition China’s Ministry of Finance announced it would exempt 16 U.S products from additional exemption, last week.
China and the U.S are expected to reach an interim trade deal when the two sides meet in Washington next month, the South China Morning Post reported on Thursday.