China's Customs Tariff Commission of the State Council announced this week 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.

Starting on January 1, the Chinese government unilaterally lowered tariffs for some imports, mainly consumer goods, medical products, and industrial materials. In addition, lower tariffs will apply to some goods as a result of international agreements that China committed to previously. Finally, the government also adjusted some export taxes.

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.

The Chinese government announced that it will lower tariffs on more imports from 16 least developed countries, effective on September 1.

China and Nicaragua announced that they will launch a free trade agreement (FTA) negotiation, and in the meantime agreed on some tariff cuts that will lay the foundation for the FTA.