The Chinese mainland has announced an extension of tariff exemptions on certain U.S. goods, a move set to last until November 30, 2024. This decision, communicated by the Customs Tariff Commission of the State Council on Monday, signals a continued easing of trade tensions between China and the United States.
Originally, the exemptions were in place until April 30, 2024, as part of countermeasures against the U.S. Section 301 measures. The recent extension not only prolongs these benefits for U.S. exporters but also underscores the dynamic nature of Sino-American trade relations.
These exemptions are expected to impact a range of industries, potentially fostering more robust trade flows and economic collaboration between the two economic powerhouses. Businesses and investors are closely monitoring these developments, as they navigate the evolving trade landscape.
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China extends tariff exemptions on some U.S. goods until November 30
cgtn.com
