3 Oct 2019
Additional exclusions from the Section 301 additional 25 percent tariff on List 1 and 2 goods from mainland China have been announced by the Office of the U.S. Trade Representative. These exclusions cover a total of 203 specially prepared product descriptions that reflect 511 exclusion requests. USTR has also removed several exclusions erroneously included in a 20 September notice.
Economic growth in the US has recovered significantly since 2009. Private consumption, the main engine of the US economy, has remained strong thanks to low unemployment and higher wages. Soft energy prices, tame inflation, strengthened household, corporate and bank balance sheets, and an improving housing market will support robust economic performance. Externally, exports will likely benefit from further stabilisation of the world economy.
On 15 November 2017, the European Parliament formally approved the EU’s new legislation on the amendment of the existing rules on dumped and subsidised imports from third countries, such as mainland China. The new law was backed by 554 votes to 48, with 80 abstentions.
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