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China extends exemptions to import duties on some US products for one year


Illustrative file photo of the flags of China and the US outside the White House. Jan 18, 2011. REUTERS / Kevin Lamarque /

BEIJING, Dec 25 (Reuters) – China will extend tariff exemptions for imports of six U.S. products, including white oil and food-grade petroleum wax, for another year, the Finance Ministry said on Friday.

The extension, which will be effective as of Saturday, will last until December 25, 2021, the ministry said.

China announced tariff exemptions on all six US chemicals and petroleum products in December last year, shortly after the two countries announced a Phase 1 trade deal.

Reporting by Hallie Gu and Shivani Singh; Edited in Spanish by Javier Leira

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