Source: Mark Bocchetti, ROLL CALL, 12/23/19


The limited scope of the phase one trade deal with China means that the bulk of U.S. tariffs will remain in place for the foreseeable future, leaving U.S. companies hurt by the duties no other choice but to get in line for an exemption if they want to limit the damage. The record so far shows that it might be worth a shot: on average, importers have a one in three chance of meeting the standard set by the U.S. Trade Representative and getting an exemption or exclusion, according to an analysis by the Mercatus Center at George Mason University.

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