Sunday , October 20 2019
Breaking News
Home / International Customs / China / China grants tariff exemptions to 16 types of US goods ahead of trade war talks
China grants tariff exemptions to 16 types of US goods ahead of trade war talks

China grants tariff exemptions to 16 types of US goods ahead of trade war talks

China on Wednesday unveiled a list of 16 types of products that will be exempt from the first round of additional tariffs on US imports as the two sides prepare for their latest trade talks.
The exemption will take effect on Tuesday and remain in place until September 16, 2020, the Customs Tariff Commission of the State Council said in a statement.
A number of medicines and insecticides are included on the list, while some other products will be eligible for refunds on tariffs already paid, it said.
Beijing announced the exemption plan in May and invited interested parties to apply to have certain products added to the list. A second round of applications started last week.
The commission said it “will continue to conduct the work of tariff exemption on US goods and will announce follow-up waiver lists at appropriate times”.

The statement came as top trade negotiators from China and the United States prepare to meet in Washington next month in their latest attempt to resolve their trade war. Working level preparations for the meeting are currently under way.