2,152 more cries for help as tariff exemption requests widen
The U.S. government continues to receive a stream of requests for exemptions from tariffs placed on Chinese exports. As at Nov. 8 there were 10,393 requests for exemption from the 25% duties applied on July 6 (list 1) and August 24 (list 2). That was up from 8,241 requests on Nov. 1 with 1,102 companies having filed from 798. As a result 45.6% of all products covered by the list 1 or list 2 duties are subject to an appeal.
So far only 3.5% of filings are in the stage before final approval while 7.9% have been formally denied.