Companies that are exposed to U.S. tariffs on Chinese exports that were applied at a 10% rate in September and raised to 25% in May (“list three”) may soon get a respite after the process for requesting exemptions opened on Jul. 1. The likelihood of getting an exemption is low however. Just 24.6% of decisions made for list one and two tariffs (applied at 25% in July and August) have received an exemption. The application process may prove even more complex given the smaller scale and product specificity of list three requests made so far. GKN for example appears to be the ...