The USTR announced an extension of exclusions for 429 products, including 77 COVID-19-related exclusions, through 14 June 2024. Additionally, more than 100 product descriptions from Lists 1 through 4A of Section 301 will be granted a one-year extension. Taxpayers should monitor USTR updates as these exclusions may be revised further in early 2025. The decision to extend exclusions until 2025 for affected products was based on public comments, data from US Customs and Border Protection, and advice from advisory committees. The USTR found that renewing these exclusions will support efforts to shift sourcing out of China. The remaining exclusions were not extended beyond the 14-day transition period due to the absence of public comments requesting extensions and the potential to undermine progress made by domestic industry.
Source EY
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