China extends waiver of additional tariffs to some US products

China's State Council's Customs Tariff Commission announced that it would extend the exemption of additional tariffs for one more year to 16 products from the United States.

Despite the trade war between Beijing and Washington, which intensified in recent years after the United States increased tariffs on Chinese imports and the Asian giant responded in the same way, both countries have made concessions throughout the trade dispute. Last month, the United States extended tariff exclusions for a wide range of Chinese products until the end of 2020. In early May, Beijing decided to exclude some products imported from the United States from punitive tariffs, just days after Washington published a list of Chinese products selected for tariff exemptions.

The exemption for US products will last until September 16, 2021, the Chinese commission announced in a statement.



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