Thousands of companies are asking for tariff exclusions even as US and China push to sign trade deal

  • 📰 CNBC
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

The overwhelming majority these requests, about 28,000, are under review as of Nov. 1. About 4,900 requests have been granted, while about 10,970 have been denied.

and an announcement would be made soon. Bloomberg reported Thursday that Chinese officials are skeptical a comprehensive deal can be reached with the Trump administration, even as the two sides prepare to sign phase one.

Jeremy Page, a trade lawyer with the firm PageFura who has worked with dozens of companies on exclusion requests, said he's found the USTR process has generally been fair. McAllister said the main challenge companies face is demonstrating that they can only source their product in China. It's also important for companies to file applications that resonate with the administration's "America First" agenda by explaining why their business and their exclusion request is good for the U.S. economy, he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

There is no trade deal.

especially PekingCook ?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks end lower as worries re-emerge over U.S.-China trade talksStocks ended lower Thursday, with the S&P 500 pulling back from the previous session's record close, as investors turned their attention to U.S.-China... This is a great read, thanks! finances stocks Our mission at is to build the social news network that ends fake news. Follow us Overlooked_Inc
Source: MarketWatch - 🏆 3. / 97 Read more »