TIL Desk/World/Beijing/ China on Tuesday released a new list of US products that will be exempted from the second round of additional tariffs on American goods. This is the second list of US goods to be excluded from the second round of tariff countermeasures, Customs Tariff Commission of China’s State Council said.
The exemption will be valid from May 19, 2020 to May 18, 2021, it said. Tariffs that have already been levied will be refunded, said the statement. The remaining US products subject to China’s second round of additional tariffs will not be excluded for the time being, it said.
For US products that are not on the first two lists, the Commission advised enterprises to apply for the exemption of additional tariffs following a specific product list that applies to domestic firms which plan to sign deals to purchase and import these products from Washington in a market-oriented and commercial fashion.
