The United States extended all 178 tariff exclusions for Chinese goods through Jan. 9, 2027, while Treasury Secretary Scott Bessent said progress on the Busan arrangement depends on concrete results.
The Treasury Department said Bessent made the point during a Nov. 6 call with Chinese Vice Premier He Lifeng. Bessent also flagged recent measures taken by Beijing, and Treasury said Washington would closely assess China’s implementation of the arrangement.
The Office of the United States Trade Representative (USTR) said Greer brought up Beijing’s earlier pledges on purchases of U.S. farm goods and commitments related to rare earths and other critical minerals. The office says its approach aims to provide lasting benefits to U.S. workers and producers in farming, ranching and manufacturing. EconoTimes previously reported that Beijing had linked larger U.S. farm purchases to reciprocal tariff cuts.
An earlier Federal Register notice discussed the availability of alternatives outside China and efforts to diversify sourcing. It recounts multiple extensions of 178 exclusions and says USTR may consider additional extensions. Some commenters argued that extending the exclusions could hurt domestic industries competing with the covered imports; the notice presents that as a commenter position, not an agency finding.
USTR’s Nov. 6 notice extends all 178 exclusions through 11:59 p.m. ET Jan. 9, 2027.
