China unveils lists of U.S. products to be excluded from tariffs
Topics: CHINA U.S. TARIFFS
The exemption will take effect on Tuesday and remain in place until September 16, 2020, the Customs Tariff Commission of the State Council said in a statement.
A number of medicines and insecticides are included on the list, while some other products will be eligible for refunds on tariffs already paid, it said.
Beijing announced the exemption plan in May and invited interested parties to apply to have certain products added to the list.
A second round of applications started last week.
In the latest escalation, the US will raise the tariffs on US$250 billion worth of Chinese products to 30 per cent from 25 per cent. The increase will come into effect on October 1. ■