Trade war: China lifts tariffs on six US chemical products in goodwill gesture after agreeing phase one deal

China will exempt six US chemical products, including white oil, a kind of special wax and polyethylene, from additional tariffs for a year

The decision was announced a week after Beijing and Washington agreed to a phase one deal

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According to a brief statement by Customs Tariff Commission of the State Council, China will exempt six products, including special synthetic resin, from additional tariffs from December 26 to December 25 of 2020. Photo: Reuters

Published: 3:29pm, 19 Dec 2019Updated: 11:36pm, 19 Dec 2019

China announced on Thursday that it will exempt six US chemical products from additional tariffs for a year in a goodwill gesture after Beijing and Washington agreed to a phase one deal last week.

According to a brief statement by Customs Tariff Commission of the State Council, China will exempt the six products, including special synthetic resin, from additional tariffs from December 26 to December 25, 2020.

The other items include white oil, a food-grade petroleum wax, and types of polyethylene and polypropylene.

It is not the first time that China has decided to exempt certain products from additional tariffs. China exempted 16 products from additional 25 per cent tariffs from September 17 after it received applications from Chinese importers.

Like the US, China asks its importers to file applications for exemptions from additional tariffs.

Prior to the phase one deal being announced last week, China confirmed that it would exempt some US soybeans and pork from tariffs.

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