China exempts 16 American products from additional tariffs — here’s the full list

Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy


Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment. For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable. Lubricating oil. Decitabine, fluorouridine, cy
China exempts 16 American products from additional tariffs — here’s the full list Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


China exempts 16 American products from additional tariffs — here's the full list

Containers sit at the Yangshan Port in Shanghai, China, Aug. 6, 2019.

China’s Ministry of Finance announced plans to exempt 16 types of U.S. products from additional tariffs on Wednesday, including food for livestock, cancer drugs and lubricants.

The exemption, which is scheduled to go into effect from September 17, will be valid for a year through to September 16, 2020.

The announcement comes as high-level trade officials from China and the U.S. prepare to meet in Washington next month. It will mark their latest attempt to resolve a protracted trade dispute. Washington and Beijing have imposed tariffs on billions of dollars’ worth of one another’s goods since the start of 2018, battering financial markets and souring business and consumer sentiment.

The State Council Tariff Commission said on the Ministry of Finance’s website that items on two separate tariff exemption lists would not be subject to additional charges imposed by China on U.S. goods.

For products on “List 1,” including fish meal for feed, shrimp and prawn seedlings and cancer drugs, tariffs already imposed will be refunded. Companies can apply to customs within six months.

For products on “List 2,” including whey for feed and lubricating base oil, tariffs were said to be non-refundable.

Here are the two lists in full, according to a CNBC translation:

LIST 1: 1. Other shrimp and prawn seedlings. 2. Aster meal and pellets. 3. Other purpura (except coarse powder and pellets). 4. Fish meal for feed. 5. Lubricating oil. 6. Grease. 7. Ring line, insecticidal ring, insecticidal nail, polythiane, etc. (including methylthiophosphorus, buprofezin, aspartate, indoxacarb). 8. Decitabine, fluorouridine, cyclophosphamide, gefitinib, capecitabine, raltitrexed, fludarabine phosphate, fluoride, cytarabine hydrochloride, gemcitabine hydrochloride, ectinib hydrochloride, ifosfamide. 9. Nonionic Organic Surfactant. 10. Mineral oil <70% lubricant. 11. Lubricants containing no petroleum or oils from bituminous minerals. 12. Medical linear accelerator. LIST 2: 1. Whey for feed (2%-7% by weight protein, 76%-88% lactose). 2. Release agent (oil by weight and oil extracted from bitumen ≥70%). 3. Isoparaffin solvent (early boiling point 225 ° C, flash point 92 ° C, density 0.79 g / cm3, viscosity 3.57mm2/s). 4. Lubricating base oil (product viscosity at 100 degrees Celsius). —CNBC's Hilary Pan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-09-11  Authors: sam meredith
Keywords: news, cnbc, companies, tariffs, meal, including, oil, imposed, products, exempts, china, american, lubricating, hydrochloride, feed, additional, heres, list


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US exempts foreign entities working with Iran’s Revolutionary Guard from ‘terrorist’ designation

It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation. Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. The U.S. retains the right to sanction any individual providing material support to the Guard. Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” N


It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation. Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. The U.S. retains the right to sanction any individual providing material support to the Guard. Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” N
US exempts foreign entities working with Iran’s Revolutionary Guard from ‘terrorist’ designation Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: leila gharagozlou, saul loeb, afp, getty images, stringer
Keywords: news, cnbc, companies, irans, material, support, fto, united, entities, foreign, department, terrorist, revolutionary, designation, state, working, used, guard, exempts


US exempts foreign entities working with Iran's Revolutionary Guard from 'terrorist' designation

A State Department spokesperson told CNBC that the new exemptions are intended to mitigate complications created by the designation, which was announced on April 8. It was the first time the U.S. has formally given the label of foreign terrorist organization, or FTO, to a military branch of another nation.

Under the FTO designation, any entity providing “material support” to the Guard would face U.S. sanctions, including denial of visas to the United States. This would create difficulties for foreign governments, allies and trading partners — including Iraq, Syria and Turkey — and nongovernmental organizations and businesses that work with Iran closely.

“There is clearly a realization that this will impact the functioning of not only the Iraqi government but also the functioning of the United States and its allies,” said Jonathan Cristol, senior fellow at the Center for Civic Engagement.

The U.S. retains the right to sanction any individual providing material support to the Guard.

Despite the new exemptions, the State Department has yet to comment on how it defines “material support.” This poses a major problem, Cristol says. “For many foreign entities what is considered material support is unclear, and [that] could give the U.S. an incredibly broad reach in punishing those who violate the designation.”

Richard Nephew, former principal deputy coordinator for sanctions policy at the State Department, says the term “material support” has been used liberally in the past but typically refers to charity groups funneling funds to nonstate actors, such as ISIS and al-Qaeda.

Nephew said the FTO designation is “not the tool that was meant to be used for state actors. It is meant for actual terrorist groups. That’s why the administration is having a problem defining ‘material support.'”

The Revolutionary Guard and its linked entities are estimated to control about 20% of the Iranian economy, from shipping and petrochemicals to real estate and banking, making it difficult to avoid the group. Plus, a two-year military service is mandatory for men, so many Iranian families have a connection to the group regardless of their politics.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: leila gharagozlou, saul loeb, afp, getty images, stringer
Keywords: news, cnbc, companies, irans, material, support, fto, united, entities, foreign, department, terrorist, revolutionary, designation, state, working, used, guard, exempts


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post

US exempts South Korea from steel tariffs, but imposes import quota

The United States agreed to exempt South Korea from steel tariffs, but imposed a quota on steel imports, South Korea’s trade ministry said on Monday. Meanwhile, South Korea gave ground on automobile trade regulations by agreeing to changes in an existing bilateral free trade deal between the two countries, the ministry said. South Korea has received a quota of about 2.68 million tonnes of steel exports, or 70 percent of the annual average Korean steel exports to the U.S. between 2015-2017, that


The United States agreed to exempt South Korea from steel tariffs, but imposed a quota on steel imports, South Korea’s trade ministry said on Monday. Meanwhile, South Korea gave ground on automobile trade regulations by agreeing to changes in an existing bilateral free trade deal between the two countries, the ministry said. South Korea has received a quota of about 2.68 million tonnes of steel exports, or 70 percent of the annual average Korean steel exports to the U.S. between 2015-2017, that
US exempts South Korea from steel tariffs, but imposes import quota Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-03-25  Authors: seong joon cho, worldsteel, getty images
Keywords: news, cnbc, companies, vehicles, import, states, united, steel, tariffs, trade, korean, exempts, quota, korea, ministry, south, imposes


US exempts South Korea from steel tariffs, but imposes import quota

The United States agreed to exempt South Korea from steel tariffs, but imposed a quota on steel imports, South Korea’s trade ministry said on Monday.

Meanwhile, South Korea gave ground on automobile trade regulations by agreeing to changes in an existing bilateral free trade deal between the two countries, the ministry said.

South Korea has received a quota of about 2.68 million tonnes of steel exports, or 70 percent of the annual average Korean steel exports to the U.S. between 2015-2017, that will be exempt from the new tariffs, the ministry said in a statement.

South Korea and the United States also agreed that U.S. tariffs on Korean pickup trucks will be in place until 2041, extended by 20 years from the previous phase-out schedule of 2021.

Moreover, U.S. automakers will be able to bring into South Korea each year 50,000 vehicles per automaker that meet U.S., not necessarily Korean, safety standards — increased from 25,000 vehicles previously.


Company: cnbc, Activity: cnbc, Date: 2018-03-25  Authors: seong joon cho, worldsteel, getty images
Keywords: news, cnbc, companies, vehicles, import, states, united, steel, tariffs, trade, korean, exempts, quota, korea, ministry, south, imposes


Home Forums

    • Forum
    • Topics
    • Posts
    • Last Post