Home / Market Update / China Extends Customs Exemptions For 16 US Products

China Extends Customs Exemptions For 16 US Products

China’s Finance Ministry said it will extend existing customs exemptions for 16 US products including lubricants, whey and fish meals for an additional year.

The ministry said that the products received exemptions from retaliatory customs duties imposed by China on US goods as countermeasures to the US Article 301 measures in 2019. The extension will continue until September 16, 2021.

Check Also

US Inflation Edges Higher in October, Keeping Federal Reserve Focused Ahead of Key Meeting

Headline inflation in the United States rose in October as anticipated, according to the Labor …