China unveils first list of tariff exemptions on US goods

News

The exemptions will take effect from 17 September

Among the items on the tariffs exemption list are food products and oil lubricants. China adds that the list will not be subject to additional tariffs imposed by China as part of countermeasures against US trade actions.

However, the more notable thing to note here is that the list doesn’t include items such as soybeans, pork and corn – which are the more relevant ones amidst the trade dispute.

The Chinese finance ministry also says that it will keep reviewing applications for tariff exemptions and will announce other tranches pertaining to the list later on.
ForexLive

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