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China to grant tariff exemptions on additional U.S. goods

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Christian Fernsby ▼ | February 18, 2020
China said today it would accept applications for new tariff exemptions for 696 products imported from the United States including key agricultural and energy products such as pork, beef, soybeans, liquefied natural gas and crude oil.
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The exemptions, the third and the most substantial set to be granted to date by China since the start of the trade dispute with the United States, come a month after the signing of a Phase 1 trade deal between Washington and Beijing. China has committed to boosting its purchases of goods and services from the United States by $200 billion over two years.

Topics: China tariff U.S.

Other products subject to exemption on additional tariffs imposed during the escalation of the bilateral trade dispute include denatured ethanol and some wheat, corn and sorghum. Some medical devices and metals including copper ore and concentrates, copper scrap and aluminum scrap are also subject to exemption, China’s finance ministry said in a statement.


 

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