China will extend tariff exemptions on 65 imported products from the United States. Hardwood lumber and logs made the list.
China's Ministry of Finance announced the decision Friday. The new extension goes until September 16, 2021.
"Apparently, U.S. hardwood logs and lumber were the only agricultural products included in the extension," writes the National Hardwood Lumber Association in a note to its members. "The American Hardwood Export Council is working with the Embassy to clarify all HS codes involved, but they believe it includes most, if not all species, that were originally hit with tariffs."
Of the 65 products, seven are wood products:
- 44039100 Other oak logs
- 44039960 North American hardwood logs
- 44079100 Jointed-end, other oak lumber
- 44079100 Non jointed-end, other oak lumber
- 44079400 Cherry lumber, with thickness over 6mm
- 44079500 Ash lumber, with thickness over 6mm
- 44079930 Other North American hardwood lumber with thickness over 6mm
China first placed these tariffs in May 2019 as a retaliatory measure. In February 2020, it announced exclusions.
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