The United States Extends Section 301 Tariff Exemptions, Benefiting Exports of Black Cod and Flatfish

The announcement shows that this extension of the exemption is based on public comments received from the December 29, 2023 announcement and continuous assessment of opinions submitted during the four-year review process. The U.S. Trade Representative has decided to further extend the 164 exclusions from May 2024 and the 14 new exclusions from September by three months. The decision comprehensively considered previous public feedback, recommendations from relevant advisory committees, and opinions from the Section 301 inter-agency committee. A Qingdao source told UCN: "I consulted with clients, and theoretically, the exemption should continue." Another manager at a Dalian processing plant stated: "This three-month extension has a very short window, so uncertainty remains quite high." Even with Section 301 exemptions, black cod and flatfish processed in China still face a total of 30% tariffs, including 20% fentanyl tariffs and 10% retaliatory tariffs. In 2022, U.S. imports of ...