China exempts tariffs on some US goods ahead of trade talks
BEIJING - China's Ministry of Finance has announced in a statement that it is exempting 16 types of US goods from import tariffs ahead of trade talks resuming with the Trump Administration. The exemption is effective September 17 through to September 16, 2020.
Goods to be exempted from China's tariffs include cancer drugs and some chemicals. Agricultural items such as soybeans and pork were not included on the lists.
The second batch of tariff exemption applications opened on September 2 and will stay open until October 18, China's State newsagency, Xinhua, reported.
Meanwhile, US President Donald Trump has said he is postponing the imposition of 5% extra tariffs on Chinese goods by two weeks.