According to the latest media reports, the number of new cases of coronary pneumonia in the United States is currently on the rise, and the domestic supply of masks is insufficient. At this time, the United States announced the abolition of tariffs on Chinese masks to ease the domestic supply and demand for masks, the decision to bring benefits to 27 U.S. companies. Next, the gold investment editorial introduction of the United States announced the abolition of China's mask tariffs?
The U.S. implemented the fourth tariff increase on China from September 1, 2019, and the import tariffs on masks and other medical supplies also rose . Meanwhile, Medline, the largest private medical supplies operator in the U.S., lost more than $100 million on Industries as the U.S. adjusted its import tariffs on China.
Currently, MedlineIndustries has applied for tariff exemptions on 103 items of Chinese imports, but has only been granted approval for 30 items, including masks, gloves, sterilized wipes, and sample collectors.
After the U.S. eliminates tariffs on Chinese masks, all importers will be able to profit, and in addition, the overpayment of tariffs will be refunded. In addition, the Ministry of Commerce Foreign Trade Secretary Li Xing Gan also said that this month masks belong to the self-trade products, since the outbreak of the epidemic, the Chinese government has not set up any trade control measures, enterprises can carry out relevant trade in accordance with market-oriented principles.