China announces new tariff waivers for US imports
China announces new tariff waivers for US imports
A new list of US products to be exempt from trade tariffs has been announced by China’s finance ministry on Tuesday. It said the new waivers will take effect on May 19 and expire on May 18, 2021.
The exemptions cover 79 products in total, including rare earth mineral ores, aircraft radar equipment, semiconductor parts, medical disinfectants, and a range of precious metals, chemical and petrochemical products.
Importers in China will have to apply to the General Administration of Customs within six months of the announcement to be considered for waivers, which are effective from May 19.
The first batch of exemptions was announced in September 2019. It included major agricultural commodities such as so...