US announces extension of partial exemptions for Section 301 tariffs on China

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Industry News

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Release time:

2025-06-03

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On May 31, local time, the U.S. Trade Representative Office announced an extension of tariff exclusions for certain products under the Section 301 investigation into China's acts, policies, and practices concerning technology transfer, intellectual property, and innovation. These exclusions, originally set to expire on May 31, 2025, have now been extended until August 31, 2025徑

　　The announcement indicates that this extension of exclusions is based on the continued evaluation of public comments received regarding the December 29, 2023, notice and submissions made during the four-year review process. The U.S. Trade Representative decided to extend the 164 exclusions extended in May 2024 and the 14 new exclusions added in September 2024 for another three months.徑

　　This decision comprehensively considered previous public feedback, recommendations from relevant advisory committees, and opinions from the Section 301 interagency committee.徑

　　A research report by Yuekai Securities shows that during the "Trump 1.0 era," four rounds of "Section 301 tariffs" were imposed on China, with the first three rounds imposing 25% each and the fourth round 7.5%. According to calculations by the Peterson Institute for International Economics (PIIE), a U.S. think tank, the average weighted tariff rate imposed by the U.S. on China was 19.3% at the beginning of 2020. However, with the decline in China's share of exports to the U.S. and adjustments in export product categories, the weighted average tariff is expected to be 10.7% by the end of 2024, but the issue remains unresolved.徑

　　China has also repeatedly made solemn representations to the U.S. regarding the Section 301 tariffs. The WTO has long ruled that the Section 301 tariffs violate WTO rules. The U.S. Section 301 tariff measures are typical unilateral and protectionist practices, which not only seriously disrupt the international trade order and the security and stability of global industrial and supply chains but also fail to address its own trade deficit and industrial competitiveness issues. Furthermore, they have driven up the prices of imported goods in the U.S., with the costs ultimately borne by American businesses and consumers.徑

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