In this June 29, 2019, file photo, U.S. President Donald Trump, left, shakes hands with Chinese President Xi Jinping during a meeting of the G-20 summit in Osaka, western Japan.

China said Wednesday it would temporarily shield a small number of American products from tariffs.
That came days before officials were scheduled to meet for trade negotiations.
The exemptions announced Wednesday included animal feed ingredients, cancer medication and chemicals.
Visit the Markets Insider homepage for more stories.

China said Wednesday it would temporarily shield a small number of American products from tariffs, days before officials were scheduled to meet for trade negotiations.

According to a statement from the Chinese finance ministry, 16 types of products are set to be exempted from recently imposed duties on September 17. The exemption is valid for about one year.

The move was not expected to defuse tensions in President Donald Trump’s yearlong trade dispute with China, which kept in place tariffs on major agricultural imports and thousands of other products. The US has vowed to expand tariffs to all Chinese imports in December.

The exemptions announced Wednesday included animal feed ingredients, cancer medication and chemicals. The first dozen product types on the product list, translated below, are subject to a refund from the Chinese government. The last four are not.

Read more: A majority of Americans think a recession will strike in the …read more


Source:: Businessinsider – Politics

      

(Visited 1 times, 1 visits today)

Leave a Reply

Your email address will not be published. Required fields are marked *