Nestle, NSK Win China Tariff Reprieve as Exemption Rate Reaches 78% — Panjiva
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Nestle, NSK Win China Tariff Reprieve as Exemption Rate Reaches 78%

China 1725 Cons. Discr. - Autos 640 Industrials - Capital Goods 251 Tariffs 1139 U.S. 3227

The U.S. government has granted exemptions from 25% duties on Chinese imports to 101 companies relating to 18 product-line requests. That compares to 1,258 requests that have been formally denied so far. The 78.2% accept:deny ratio may give hope to importers who still have a total 10,198 requests outstanding. The largest product-lines where exemptions have been granted include valve bodies, including those for air-brakes, where total imports from China in the 12 months to June 30 were worth $755.8 million. Shipments of ice-making equipment, including those by Nestle, worth $445.0 million...

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