(VOVWORLD) - China will grant exemptions from additional duties imposed on 696 US goods to fulfill commitments in its phase one trade deal with the US.
 China continues to exempt tariffs for US goods (Photo: Reuters) |
This is the biggest batch of tariff exemptions China has offered on US goods. US agricultural, energy, medical, and mining products, including pork, beef, soybeans, liquid natural gas, crude oil, healthcare equipment, and recombinant insulin, will be exempted from retaliatory tariffs imposed during the China-US trade conflict, which ended when China's Vice Premier Liu He and US President Donald Trump signed the US–China Phase One trade deal in January.
Beijing said that as from March 2nd Chinese companies will begin to propose other tariff exemptions for US goods based on market conditions. All tax relief decisions will be effective for 1 year.