China Unveils Tariff Exemption Lists for US Imports - Full Lists Included

Andrew Cummings
September 11, 2019

In all, the world's two largest economies have slapped tit-for-tat tariffs on hundreds of billions of dollars worth of goods in a bitter trade war that has dragged on for well over a year and raised the spectre of a global recession.

The exemptions will be effective from September 17 to September 16, 2020. China said it will open the third tranche of tariffs up for exemption requests later, though it hasn't specified a date.

Further rounds of Chinese exemptions will be announced in due course, the ministry said.

The Customs Tariff Commission of the State Council of China will continue to work on the exemption process and release subsequent lists in the future, the commission said in a statement.

The exemptions will apply to USA goods including some anti-cancer drugs and lubricants, as well as the animal feed ingredients whey and fish meal, the Ministry of Finance said in a statement on its website on Wednesday.

Beijing's announcement comes as China and the U.S. get ready to meet in Washington in October for the next round of talks regarding the ongoing trade and tariff dispute.

Both sides raised tariffs on each others' goods on September 1 in the trade war's latest escalation, and the US plans to add more tariffs on October 1.

China insists Trump's punitive tariffs must be lifted once a deal takes effect.

Magazines with a front cover featuring Chinese President Xi Jinping and U.S. President Donald Trump on trade war is placed on sale at a roadside bookstand in Hong Kong.

Today's exemptions apply to the round of tariffs China imposed on USA goods starting last July in retaliation for higher US levies.

China is not the first to offer exemptions during this trade war. Tariffs of 25% imposed previously on $250 billion of Chinese goods are due to rise to 30% on October 1.

Xi further complained to Abe that while the Trump administration has repeatedly criticized Beijing for supporting state-owned companies with subsidies, "the also providing Boeing with subsidies", referring to the Chicago-based USA airplane manufacturer. Is this a concession to the United States ahead of the October trade talks? "The time is now to strike a deal that addresses the U.S.' legitimate concerns about market access, forced technology transfer, subsidies and digital trade, while concurrently removing punitive and retaliatory tariffs".

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