China tariffs: Beijing to offer exemptions on 700 US farm, medical, energy products amid coronavirus
- The list contains 697 products lines, from soybeans, pork, and beef, to liquefied natural gas and crude oil
- As well as the coronavirus outbreak, China is also dealing with the threat of the deadly H5N1 bird flu
China announced on Tuesday that it will allow importers to apply for exemptions to additional trade war tariffs on nearly 700 types of goods from the United States, including farm and energy products, as the country battles the coronavirus outbreak that has infected over 70,000 people.
The exemptions would only be effective for one year, subject to approval, with the commission adding that each application would need to undergo an approval process.
“[The exemptions are] to support enterprises to import goods from the US based upon their business considerations,” the commission said in their statement.
The list contains 697 products lines, from soybeans, pork, and beef, to liquefied natural gas and crude oil, which have all been drawn into the tariff battle between the world’s two largest economies.