Eastern time on February 5, the Office of the United States Trade Representative (USTR) officially adopted a new batch of 200 billion US dollars of tariff goods under the list of product exclusion notice, this notice involves a total of 119 excluded products。Includes printed circuit boards, seat components, nitrile gloves, lamps, tables, specific catalysts and more。

　　On February 14, Eastern time, the announcement of the fourth batch of trade involving $300 billion announced by the USTR took effect。The specific content is to revise the Section 301 investigation announcement, after the US imposed US $300 billion of additional tariffs on products in List A (US $120 billion), the tariff was reduced from 15% to 7%.5%。

　　In the above two USTR tax reduction announcements，It includes not only printed circuit boards, seat components, nitrile gloves, lamps, tables, specific catalysts, etc，It also involves more products exported to the United States，For example, the printed circuit board companies, lighting companies, seat manufacturers, and degradable plastic bag manufacturers excluded from the third batch of tax lists，And List A companies in the fourth $300 billion tranche，Will also benefit from it。

　　At the same time, in the third batch of US $200 billion tariff exclusion list for China, the goods from September 24, 2018 to August 7, 2020 have retroactive effect, in other words, the tariffs that have been imposed on enterprises before will have the opportunity to be returned。

　　Prior to the formal signing of the Phase 1 agreement, USTR has published a monthly exclusion list for the third tranche of $200 billion in tariffs since August 7, 2019。

　　· On August 7, 2019, the exclusion list involved a total of 10 products。

　　· On September 17, 2019, the exclusion list involved a total of 38 products。

　　· On October 23, 2019, a total of 83 products were excluded。

　　· On November 7, 2019, a total of 36 products were excluded。

　　· On November 26, 2019, a total of 32 products were excluded。

　　· On December 12, 2019, a total of 44 products were excluded。

　　· On December 31, 2019, a total of 68 products were excluded。

　　· On January 31, 2020, a total of 119 products were excluded。

　　It can be seen that this is the eighth time that USTR has announced a product exclusion announcement for the third batch of US $200 billion tariff list items, and it is also the most involving product items。

　　Since the signing of the Phase I economic and trade Agreement between China and the United States on January 15, 2020, China has also taken a number of measures to reduce pressure on companies trading with the United States。

　　February 6, 2020，The Customs Tariff Commission of The State Council issued an announcement，Adjusted tariffs on about 75 billion US dollars of imports from the United States，Starting at 13:01 on February 14, 2020，Goods that have been subject to a 10% tariff since September 1, 2019，The additional tax rate is adjusted to 5%;Goods for which a 5% tariff has been imposed，The additional tax rate is adjusted to 2.5%。

　　On February 18, Beijing time, the official website of the Ministry of Finance reported that the Customs Tariff Commission of The State Council issued an announcement to carry out market-based procurement exclusion of goods subject to tariffs in the United States and Canada。

　　According to the announcement，As of March 2, 2020，The Customs Tariff Commission of The State Council accepts applications from relevant Chinese enterprises，On a case-by-case basis，The relevant enterprises meet the conditions, according to the principles of marketization and commercialization of imported goods purchased from the United States，We will not impose our 301 counter-tariffs against the US for a certain period of time，Support businesses to import goods from the United States based on commercial considerations。

　　On February 25, 2020, the Office of the Customs Tariff Commission of The State Council issued the Instructions on Filling in the Application for the Exclusion of Market-based Procurement of Goods subject to Tariffs on the United States and Canada, and opened the registration function of the declaration system for the exclusion of goods subject to tariffs on the United States。Companies can visit the Tariff Policy Research Center of the Ministry of Finance at http://gszx.mof.gov.cn) Register the user account, and prepare for the application according to the policy regulations and fill in the instructions。

　　This marketization exclusion application:

　　· Applicant:A Chinese enterprise that intends to enter into a contract to purchase and import related goods from the United States

　　· Exclusions may be applied for: 1.The list of goods for which exclusions may be applied has been published.Goods not on the list (apply according to the enterprise's own needs)

　　Compared with 16 items of commodity tax codes excluded from the list announced on September 11, 2019, and 6 items of commodity tax codes excluded from the list announced on December 19, 2019，On February 21, 2020, the announcement excluded 65 items of commodity tax codes from the list，It can be seen that，The application subject of this market exclusion and the scope of goods that can be applied for exclusion are more than the previous three batches of exclusion work，Significantly expand the scope。According to the three criteria of the first two batches of exclusion work audit: 1.Companies struggle to find alternative sources;2.The imposition of tariffs has a significant adverse economic impact on enterprises;3.Negative structural impact on related industries。

　　According to the announcement, the tax Commission will submit a self-declaration after the enterpriseWithin three working daysapproveImprove the efficiency of audit, from the perspective of trade enterprises with the United States, will effectively reduce the impact caused by the Sino-US trade war, ease the burden on enterprises。(According to the information of China Council for the Promotion of International Trade Commercial Legal Service Center)