China removes several USA products from tariffs list

China on Wednesday said it would spare a number of US products from punitive tariffs in what is seen as an olive branch by Beijing in the protracted trade war ahead of high-level talks next month.

The goods do not include big-ticket agricultural items that could be crucial to the ultimate success of any agreement between the two sides.

The exemptions will become effective on September 17 and be valid for a year, according to the Customs Tariff Commission of the State Council, which released two lists that include seafood products and anti-cancer drugs.

Trade negotiators have said they will meet in Washington in early October, raising hopes for an easing of tensions between the world’s two biggest economies.

Both sides imposed fresh tit-for-tat tariffs on September 1 in the latest round of levies, which now cover goods worth hundreds of billions of dollars.

Trade negotiators have said they will meet in Washington in early October, raising hopes for an easing of tensions between the world’s two biggest economies.

Both sides imposed fresh tit-for-tat tariffs on September 1 in the latest round of levies, which now cover goods worth hundreds of billions of dollars.

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