China exempts some U.S. goods from retaliatory tariffs as fresh talks loom

BEIJING - China announced its first batch of tariff exemptions for 16 types of U.S. products, days ahead of a planned meeting between trade negotiators from the two countries to try and de-escalate their bruising tariff row.

Some analysts view the move as a friendly gesture but don’t see it as a signal that both sides are readying a deal. Beijing has said it would work on exempting some U.S. products from tariffs if they are not easily substituted from elsewhere. The United States is by far China’s largest supplier of whey, which is an important ingredient in piglet feed and difficult to source in large volumes from elsewhere.

The items on the two tariff exemption lists - posted on the ministry’s website - will not be subject to additional duties imposed by China on U.S. goods “as countermeasures to U.S. Section 301 measures”, the ministry said in its statement.

Interesting. Hopefully the talks happen and go well for the U.S.

Supongo que porque no murieron ese día.

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