China releases new list for tariff exemption on US goods
by Bloomberg May 12, 2020
China will exempt additional tariffs on U.S. aircraft radar and some other radar equipment imposed during the trade dispute with U.S., State Council’s tariff office says Tuesday.
- According to the new list on tariff exemption, 79 items including medical disinfectants, rare-earth ore, silver and gold ore and concentrate, some nickel, aluminum alloy products were added
- The exemption will be effective for a year starting May 19
Since September last year, China has issued four lists of U.S. goods eligible for exemption of retaliatory duties. Besides that, China announced a list of 696 American products including key agricultural and energy products eligible for punitive tariff waivers in February, in a move to support companies to start purchasing and importing from the U.S. for the implementation of China-U.S. phase one deal.
Bloomberg
© Bloomberg
The author’s opinion are not necessarily the opinions of the American Journal of Transportation (AJOT).
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