Dhaka, Bangladesh
China to exempt 16 categories of US products from tariffs

China to exempt 16 categories of US products from tariffs

BEIJING, Sept 11: China announced Wednesday it would exempt 16 categories of products from US tariffs, ahead of a fresh round of trade talks next month, reports AFP. China and the US have been embroiled in a year-long trade war that hasseen the two sides slap punitive tariffs on hundreds of billions of dollarsin two-way trade.The exemptions announced Wednesday will become effective on September 17and be valid for one year, according to the Customs Tariff Commission of theState Council, which released two lists that include seafood products andanti-cancer drugs. The lists mark the first time Beijing has announced products to be excludedfrom tariffs.Other product categories which will become exempt from tariffs includealfalfa pellets, fish feed, medical linear accelerators and mould release agents. Wednesday's lists do not include big-ticket items such as soybeans andpork.Trade negotiators have said they will meet in Washington in early October,raising hopes that fresh negotiations could help ease tensions between theworld's two biggest economies.Both sides imposed fresh tit-for-tat tariffs on September 1.

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