China issues a list of customs exemptions for products from the United States. China’s Ministry of Finance showed its first list of US tariff exemptions, according to the official Xinhua News Agency.
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The list of Chinese customs exemptions for products from the United States.
It explained the following:
The list of Chinese tariff exemptions is effective on September 17 and is valid for one year until September 16, 2020.
Items on the list of Chinese customs exemptions will not be subject to additional tariffs imposed by China on US goods as countermeasures to US trade measures.
Items on the list of Chinese customs exemptions include food products and lubricants.
Exemptions do not include corn, soybeans, and pork.
China will consider tariff exemptions for additional products imported from the United States.
whey and changed whey products are part of the list of exemptions for goods from the United States.
Anti-cancer drugs are part of the list of customs exemptions for goods from the United States.
This is good news as China is trying to ease its trade dispute with the United States. Risk appetite has improved and has already boosted by the Global Times. USD / JPY reached a six-week high, approaching 108.00 with Treasury yields + 1% higher.