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China's Customs Tariff Commission of the State Council announced that it will again extend tariff exclusions on some U.S. goods that were subject to retaliatory tariffs as a response to U.S. Section 301 tariffs.
Last week, China announced that it would grant zero tariffs on imports from Tanzania, along with nine other Least Developed Countries, covering 98% of items in the tariff schedule. This came after a high-level meeting between the two countries earlier this month, where China made promises on trade, loans, investment,
China's Customs Tariff Commission announced that it will grant zero tariffs on imports from 10 more Least Developed Countries (LDCs), covering 98% of items in the tariff schedule, effective on December 1.
China's tariff agency recently extended its tariff exclusions on certain U.S. goods, as the term of the exclusions had been set to expire on June 30.
During his recent visit to Pacific Island countries in May, Chinese Foreign Minister Wang Yi emphasized that China is willing to cooperate with these countries in many areas, including trade, and signed some cooperation documents on the economy, the Belt and Road Initiative, and tariffs with a few of these