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Chinese govt approves tariff exemptions for U.S. Lubricant Oil
CHINESE GOVT APPROVES TARIFF EXEMPTIONS FOR U.S. LUBRICANT OIL
— First Squawk (@FirstSquawk) September 11, 2019
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ITEMS ON CHINA'S TARIFFS EXEMPTION LIST WILL NOT BE SUBJECT TO ADDITIONAL TARIFFS IMPOSED BY CHINA ON U.S. GOODS AS COUNTERMEASURES TO U.S. TRADE ACTIONS-XINHUA
— First Squawk (@FirstSquawk) September 11, 2019
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China Unveils 1st List For Tariff Exemptions On US Goods – Xinhua
— LiveSquawk (@LiveSquawk) September 11, 2019
- Approves Exemptions For US Lubricant Base Oil
- Doesn't List Corn, Soybeans, Pork In 1st Tariff Exclusion
- List For Products Takes Effect On September 17
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China announces tariff exemptions for US goods to show goodwill
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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