Reuters, BEIJINGChina is to grant exemptions on retaliatory duties imposed against 696 US goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the US. Yesterday’s announcement came after the “phase one” trade deal between the two countries took effect on Friday last week and is the third round of tariff exemptions China has offered. US goods eligible for tariff exemptions include key agricultural and energy products such as pork, beef, soybeans, liquefied natural gas and crude oil, which were subject to extra tariffs imposed during the trade dispute. Beijing’s announcement emphasized that Chinese firms would submit applications for tariff exemptions based on market conditions and commercial considerations. Firms can start submitting their applications on March 2, and any exemptions granted would be valid for one year.

Source: Taipei Times February 18, 2020 15:56 UTC