China Underground > China Finance > China is working to exempt some U.S. agricultural products

China is working to exempt some U.S. agricultural products

  • 3
  •  
  •  
  •  
  •  
  •  

According to ecns.cn, the Customs Tariff Commission of the State Council is working to exempt some U.S. agricultural products, such as soybeans and pork, from additional tariffs in light of applications submitted by the enterprises concerned, China’s Ministry of Commerce spokesperson Gao Feng said Thursday during a press conference in Beijing.

These tariffs were originally put into place as a countermeasure to the U.S. Section 301 based tariffs on Chinese goods.

According to domestic needs, Chinese enterprises import a certain amount of goods from the U.S. through market-based procurement.

The enterprises are expected to purchase goods eligible for an exemption based on independent negotiation, import as they see fit, and bear the related profits or losses, the commission said in early December.

In addition, during Thursday’s press conference, Gao told reporters that “China and the United States are maintaining close communication.”

Source: ecns
Image source: pixabay

 

If you like this article, please help us by making a donation so that we can continue our work. Please help keep us independent.

 

 


Subscribe to China Underground and get the free magazine 'Planet China'

* indicates required

View previous campaigns.

By clicking Sign Up, you agree to our terms and conditions.

You can unsubscribe at any time by clicking the link in the footer of our emails.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

Previous

China plans to Make Macau Financial Hub

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.