ZCZC
BCN-22
CHINA-US-TRADE
China to exempt 16 categories of US products from tariffs
BEIJING, Sept 11, 2019 (BSS/AFP) – China announced Wednesday it would
exempt 16 categories of products from US tariffs, ahead of a fresh round of
trade talks next month.
China and the US have been embroiled in a year-long trade war that has
seen the two sides slap punitive tariffs on hundreds of billions of dollars
in two-way trade.
The exemptions announced Wednesday will become effective on September 17
and be valid for one year, according to the Customs Tariff Commission of the
State Council, which released two lists that include seafood products and
anti-cancer drugs.
The lists mark the first time Beijing has announced products to be excluded
from tariffs.
Other product categories which will become exempt from tariffs include
alfalfa pellets, fish feed, medical linear accelerators and mould release
agents.
Wednesday’s lists do not include big-ticket items such as soybeans and
pork.
Trade negotiators have said they will meet in Washington in early October,
raising hopes that fresh negotiations could help ease tensions between the
world’s two biggest economies.
Both sides imposed fresh tit-for-tat tariffs on September 1.
BSS/AFP/HR/1255
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