China exempts 16 American products from additional tariffs — here’s the full list
China’s Ministry of
Finance announced plans to exempt 16 types of U.S. products from additional
tariffs on Wednesday, including food for livestock, cancer drugs and
lubricants.
The exemption, which is
scheduled to go into effect from September 17, will be valid for a year through
to September 16, 2020.
The announcement comes as
high-level trade officials from China and the U.S. prepare to meet in
Washington next month. It will mark their latest attempt to resolve a
protracted trade dispute. Washington and Beijing have imposed tariffs on
billions of dollars’ worth of one another’s goods since the start of 2018,
battering financial markets and souring business and consumer sentiment.