China waives retaliatory tariffs on a range of US products

On Tuesday May 12, China announced a new list of 79 US products eligible for retaliatory tariff exemptions. The tariffs had been adopted during the trade war between the two countries. The new exemptions will take effect on May 19 and expire on May 18, 2021. The list includes rare earth metal ore, gold, silver ore and concentrates.

In February, China had previously reported exemptions for 696 US products, including soy and pork.

Source: Reuters

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