China’s Customs Tariff Commission of the State Council. announced today tariffs exemptions on 697 lines of US imports, as fulfilment of the US-China trade deal phase one. The products include farm and energy, such as pork, beef, soybeans, liquefied natural gas and crude oil. Dozens of types of medical equipment are also included.
Importers can apply for tariffs exemptions starting from march 2. Such exemptions would only be effective for one year, subject to an approval process. China said that these exemptions are “to support enterprises to import goods from the US based upon their business considerations.”