Notice of Conforming Amendments to Product Exclusions: China's Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation
USTR noticeTariff cut or exemptionFederal Register 09/02Open the original
Summary
USTR makes conforming amendments to four product exclusions linked to the Section 301 investigation of China's acts, policies, and practices related to technology transfer, intellectual property, and innovation. The amendments take effect on July 1, 2026, and CBP will issue entry guidance and implementation instructions.
By industry
- Tariffs & Reshoring1 trading day+2.3%p15 stocks5 trading days+1.5%p15 stocks20 trading days−8.7%p15 stocks
“product exclusions associated with the Section 301 investigation”
- Semiconductors & CHIPS Act1 trading day+0.3%p15 stocks5 trading days+7.1%p15 stocks20 trading days+13.5%p15 stocks
“statistical reporting numbers 8413.91.9039, 8413.91.9046, 8413.91.9059 or 8413.91.9099 effective July 1, 2026”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/09/01 | 0.0% | 0.0% |
| 26/09/02 | +2.7% | +0.4% |
| 26/09/03 | +2.3% | +1.4% |
| 26/09/04 | +3.2% | +1.1% |
| 26/09/08 | +2.4% | +0.5% |
| 26/09/09 | +1.6% | +0.1% |
| 26/09/10 | −1.2% | −0.5% |
| 26/09/11 | −1.1% | +0.3% |
| 26/09/14 | −4.7% | −0.1% |
| 26/09/15 | −4.6% | −0.5% |
| 26/09/16 | −3.9% | −0.7% |
| 26/09/17 | −2.7% | +0.1% |
| 26/09/18 | −5.1% | +0.1% |
| 26/09/21 | −5.8% | +1.5% |
| 26/09/22 | −4.3% | +1.5% |
| 26/09/23 | −4.6% | +0.8% |
| 26/09/24 | −5.2% | +0.6% |
| 26/09/25 | −5.3% | +1.3% |
| 26/09/28 | −6.6% | +0.5% |
| 26/09/29 | −8.0% | +0.5% |
| 26/09/30 | −8.4% | +0.4% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Samsung Electronics 005930
- SK hynix 000660
- SKC 011790
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- Cory Booker
Full saleNvidia
Full saleNvidia
NVDA
$15K–$50K
Spouse
$15K–$50K
Reported 09/09
Traded 08/11
- Sheldon Whitehouse
Partial saleNvidia
Partial saleNvidia
NVDA
$15K–$50K
Self
$15K–$50K
Reported 09/02
Traded 08/13
- Sheldon Whitehouse
Partial saleNvidia
Partial saleNvidia
NVDA
$1K–$15K
Spouse
$1K–$15K
Reported 09/02
Traded 08/13
- Timothy S. Teter
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$3M
13,478 sh
$3M
Filed 09/23
Traded 09/21
- Timothy S. Teter
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$2.8M
12,483 sh
$2.8M
Filed 09/23
Traded 09/21
- Cristiano R. Amon
Sell10b5-1 planQualcomm
Sell10b5-1 planQualcomm
QCOM
$2M
10,000 sh
$2M
Filed 09/25
Traded 09/25
- Cristiano R. Amon
Sell10b5-1 planQualcomm
Sell10b5-1 planQualcomm
QCOM
$2M
10,000 sh
$2M
Filed 09/23
Traded 09/21
- Timothy S. Teter
Sell10b5-1 planNvidia
Sell10b5-1 planNvidia
NVDA
$1M
4,499 sh
$1M
Filed 09/23
Traded 09/21
- Josh Gottheimer
BuyApplied Materials
BuyApplied Materials
AMAT
$1K–$15K
Joint
$1K–$15K
Reported 09/14
Traded 08/06
- Sheldon Whitehouse
Partial saleLam Research
Partial saleLam Research
LRCX
$1K–$15K
Spouse
$1K–$15K
Reported 09/02
Traded 08/13
- Richard C. Puccio Jr.
Sell10b5-1 planAnalog Devices
Sell10b5-1 planAnalog Devices
ADI
$573.3K
1,500 sh
$573.3K
Filed 09/23
Traded 09/22
- Sheldon Whitehouse
Partial saleAnalog Devices
Partial saleAnalog Devices
ADI
$1K–$15K
Spouse
$1K–$15K
Reported 10/01
Traded 09/04
- Gilbert Cisneros
Partial saleNvidia
Partial saleNvidia
NVDA
$1K–$15K
Self
$1K–$15K
Reported 09/10
Traded 08/18
- John J. McGuire III
BuyNvidia
BuyNvidia
NVDA
$1K–$15K
Spouse
$1K–$15K
Reported 09/02
Traded 08/18
- Gilbert Cisneros
Partial saleAdvanced Micro Devices
Partial saleAdvanced Micro Devices
AMD
$1K–$15K
Self
$1K–$15K
Reported 09/10
Traded 08/18
- Timothy J. Harris
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.7M
9,000 sh
$1.7M
Filed 09/23
Traded 09/21
- Sudhir Gopalswamy
Sell10b5-1 planOn Semiconductor
Sell10b5-1 planOn Semiconductor
ON
$1.2M
15,578 sh
$1.2M
Filed 10/02
Traded 10/01
- Maria Salazar
Full saleQualcomm
Full saleQualcomm
QCOM
$1K–$15K
Self
$1K–$15K
Reported 09/09
Traded 08/12
- Maria Salazar
Full saleQualcomm
Full saleQualcomm
QCOM
$1K–$15K
Self
$1K–$15K
Reported 09/09
Traded 08/19
- Pradheepa Raman
Sell10b5-1 planGlobalfoundries
Sell10b5-1 planGlobalfoundries
GFS
$104.7K
2,145 sh
$104.7K
Filed 09/29
Traded 09/28