x

China exempts more US goods from tariffs

China on Tuesday released a list of 79 items from the United States that will be exempted from trade war tariffs, a day after the US ruled out renegotiating their earlier trade deal.

The list of goods, posted online by the Customs Tariff Commission of the State Council, includes medical disinfectant, rare-earth metal ores, and some silicon wafers used in the electronics industry.

They will be exempted from retaliatory tariffs for a year from May 19, and tariffs that have been levied can be returned, the council said.

It did not say how much of these products were imported by China last year.

China had earlier announced one-year exemptions beginning on February 28 involving 65 products from the United States, including aircraft parts and medical equipment.

APC gives conditions to participate in Palliatives Distribution Committee in Ebonyi

The moves come as China grapples with supply-chain disruptions and other economic fallout from the coronavirus pandemic, which has caused already fraught tensions with the United States to spike.

The two sides have traded accusations over the coronavirus response, raising questions over the fate of a partial trade deal inked in January that had marked a truce in their bruising economic war.

US President Donald Trump on Monday ruled out renegotiating that deal, when asked about reports that China was looking to reopen talks.

Under the deal, the Trump administration agreed to postpone any further tariff increases, while China promised a $200-billion increase over two years in its purchases of US products compared to the 2017 levels.

Last Friday, Vice Premier Liu He, who had led China’s negotiations, spoke by phone with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin and confirmed that both sides agreed to implementing the first phase of the deal.

Hot this week

North-Central APC Forum Accuses Tinubu of Appointing “Wrong People” From Plateau State

By Israel Adamu, JosThe North-Central All Progressives Congress...

As Consultations Intensify, Maikaya Unveils Youth Employment Revolution for Nasarawa

Renowned development advocate and founder of the Maikaya Development...

FG to Partner with Pharmaceutical Society of Nigeria on Local Drug Production

By Francis WilfredThe Federal Government has announced its readiness...

Bayelsa Deputy Governor Urges NESREA to Intensify Action on Environmental Pollution

By Amgbare Ekaunkumo, YenagoaBayelsa State Deputy Governor, Senator Lawrence...

National Youth Alliance Vows to Continue as Movement Until Youth Lead Nigeria

By Jabiru HassanThe National Youth Alliance (NYA) has reaffirmed...

NNAMDI KANU IS GOOD RIDDANCE TO BAD RUBBISH

By Charles Nnaebuka, PhDNnamdi Kanu’s conviction and sentencing to...

Wike Slams Turaki- Led PDD Faction, Says Nigeria’s Democracy Not Under Threat

By Joyce Remi-BabayejuThe FCT Minister, Barr. Nysome Wike...

Chinese Envoy Visits National Defence College, Seeks Deeper Security Ties With Nigeria

Efforts to broaden defence collaboration between China and Nigeria...

Nestoil: Group accuses Lagos CP of compromise as Court writes for enforcement of Order

Nigerian Equity and Justice Movement has accused the Lagos...

Manchester United Linked to Borussia Dortmund’s Karim Adeyemi

Manchester United have reportedly opened discussions regarding Borussia Dortmund...

CAF Awards: Super Falcons clinch ‘Women’s National Team of the Year’

Nigeria’s Super Falcons have been crowned the CAF Women’s...

Related Articles

Popular Categories

spot_imgspot_img