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9/11/2019, 7:47 AM (Source: TeleTrader)
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China unveils list of US goods exempt from tariffs

China released the first list of American goods that will be exempt from tariffs on Wednesday.

The list includes lubricant base oil and whey, however, agricultural goods like corn and soybeans, as well as pork, didn't appear on the list. Soybeans and corn are among America's most valuable crops and China is the largest buyer of US soybeans.

This new list represents a "gesture of goodwill" ahead of the next round of trade talks scheduled for October, Chinese Foreign Ministry spokesperson Geng Shuang told reporters during a briefing.

China will consider tariff exemptions for additional products imported from the US, while these exemptions will become effective on September 17.

Breaking the News / JC