Over 2,500 Companies File for Tariff Exclusions on Chinese Imports

By Anthony DeBarros and Josh Zumbrun Oct. 1, 2019 9:29 am ET WASHINGTON—U.S. companies are continuing to seek exemptions to tariffs on a wide assortment of Chinese imports—including frozen fish, furniture, cosmetics and other products—ahead of another jump in levies Oct. 15.

In their appeals to the Office of the U.S. Trade Representative, companies typically say they are either unable to find comparable replacement goods, or that doing so would be at prohibitive cost. But multiple additional companies filed hundreds of requests of their own. Prime-Line Products, a Redlands, Calif., maker of hardware for doors and windows, sent nearly 1,400 requests for exclusions on items such as brackets, guides, handles and wheels.

To make their case, companies need to describe each product and provide a rationale as to why it can’t be obtained from alternate sources.

An veiled attempt to keep consumer confidence up? Because these companies sure won’t eat the cost

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Kyle Bass says investments in Chinese firms are not safe: 'Imagine what kind of fraud is behind these companies'“Forget about delisting. We should deregister these securities.” Hayman Capital Management founder Kyle Bass says that Chinese companies should have to adhere to U.S. standards to raise money in the U.S. The momentum is building, keep up the good work Kyle. America first should mean don't buy Chinese (except takeaways) commonsense All publicly traded companies in the US should provide full financial transparency, i.e., 10-Q’s, 10-K, 8-K’s on time unless an NT is filed. If that’s too much to ask of public companies selling shares to the public, stay private.
Source: CNBC - 🏆 12. / 72 Read more »