China extends tariff exemptions
The extension, effective on December 26, will last through December 25, 2021
Social distancing signs are seen at the Hong Kong International Airport, following the coronavirus outbreak, in Hong Kong, China May 7, 2020. Picture taken May 7, 2020. PHOTO: REUTERS
China’s finance ministry said on Friday it will extend tariff exemptions for imports of six products from the United States including white oil and foodgrade petroleum wax, for another year. The extension, effective on December 26, will last through December 25, 2021, the ministry said. China announced tariff exemptions on the six chemical and oil products from the US in December last year, shortly after the two countries announced a phase-1 trade deal.