China extends tariff exemptions on 81 products from U.S.



Reuters Staff | Reuters

China will extend tariff exemptions for 81 products imported from the United States by seven months, the finance ministry said in a statement published on Thursday.

China has routinely made such extensions as part of an initial agreement to end a bruising trade war between the world’s two biggest economies.

The items had received exemptions from retaliatory tariffs imposed by China on U.S. goods as countermeasures to U.S. Section 301 action, the ministry said.

The exemptions for items including some shrimp and electric vehicle batteries had been due to expire on Thursday but had now been extended until April 16, 2022, it added.

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