China’s Ministry of Finance announced plans on Wednesday to exempt 16 types of U.S. products from additional tariffs.
The exemption, scheduled to take effect beginning September 17, will be valid for a year. China’s State Council Tariff Commission said that items on two separate tariff exemption lists would not be subject to additional tariffs. The complete list can be found on China’s Ministry of Finance website here.
For products on “List 1,” including cancer drugs, fish meal and other products, tariffs already imposed will be refunded. Companies can apply to customs within six months.
For products on “List 2,” including whey protein and various oils, tariffs were said to be non-refundable but will be exempt from any additional tariffs.
U.S. and Chinese officials plan to meet for trade talks at the ministerial level in early October with deputy-level talks occurring in preceding weeks.
