The tax cut is aimed at the additional tariffs imposed by the United States under the terms of the 301, with a range of 7.5 to 25 percent. The coverage direction of the list is basically clear: textile, clothing, shoes and hats, bags, household goods, toys, holiday decorations and other consumer goods are the focus, including some textiles, non-sensitive industrial parts and medical consumables. For companies going to the United States, this is the most direct policy dividend in the past two years-the goods included in the list, the 301 additional tariffs are expected to be reduced or even canceled, return to the most-favored-nation base tax rate, export costs will be significantly reduced.
But the sea enterprises need to soberly look at the three boundaries. First, tax cuts do not equal tax exemptions, and the most-favored-nation base tax rate remains in place. Taking cotton clothing as an example, the comprehensive tariff is expected to fall from the highest 55% to less than 20%, but it is not zero. Second, the 12.5 per cent "forced labor" related 301 tariffs that came into effect on July 24, 2026 are not within the scope of this tax reduction, and the cumulative tariffs on textiles and clothing on the United States are still in the 20 to 37.5 per cent range. Third, dividends are only on the list, even if they belong to the same textile category, and if the HTS code is not on the final list, they are also not available.
At the same time, we should see that the United States has clearly excluded chips, new energy batteries, key minerals and other strategic sensitive areas, the current round of dividends concentrated flow to ordinary consumer goods. The Ministry of Commerce has confirmed that the two sides are stepping up consultations on the framework arrangement for the reciprocal tax reduction of US $30 billion. China adheres to the principle of reciprocity and does not engage in unilateral concessions.
For offshore enterprises, September 24 is the first observation node, and the final list is expected to land between late September and mid-November. It is recommended that enterprises sort out the tax number and current tax rate of existing export products in advance, measure the cost space after tax reduction, keep a close eye on the official announcement of the Office of the United States Trade Representative, and adjust the quotation and stocking rhythm in the first place. The tariff dividend will not automatically fall into the pocket-only the goods on the list and the enterprises that lay out in advance can eat this wave of dividends.