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Chinese govt approves tariff exemptions for U.S. Lubricant Oil

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China announces tariff exemptions for US goods to show goodwill

From globaltimes.cn

China has announced a new exemption list for American imports subject to Chinese tariffs as a goodwill gesture amid the resumption of trade talks between China and the US. Beijing and Washington will strive to achieve "substantial progress" in the upcoming 13th round of trade consultations in early October in Washington. In a positive signal, the Chinese side announced it would exempt some American imports from Chinese tariffs. The yearlong trade war between the world’s two largest economies has been escalating recently, particularly after the US implemented tariffs on over $125 billion worth of Chinese imports on ... (full story)

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