Shanghai, China, Nov 29 (EFE).- China on Friday extended tariff exemptions on over 100 products from the US until Feb. 28, 2025.
A container ship leaves the Port of Oakland towards the San Francisco – Oakland Bay Bridge in Oakland, California, US, 27 November 2024. EFE-EPA/JOHN G. MABANGLO
The decision, which was announced by the Customs Tariff Commission of the State Council (the Chinese executive), comes days after US President-elect Donald Trump threatened to impose additional 10 percent tariffs on Chinese goods until Beijing halted the entry of fentanyl into the US.
However, this latest renewal is significantly shorter than the previous one.
In April, the Tariff Commission announced that it would extend the exemption for 6 months and 29 days, while in this case the duration will be 2 months and 27 days.
The extension will allow the import of key products such as rare earth elements, gold ore and some appliances and chemicals without additional tariffs until the end of February, just over a month after Trump returns to the presidency.
Trump’s first term, between 2017-2021, was marked by a trade war with China.
The exemption list was announced in May 2019, when China imposed additional levies of up to 25 percent, worth some $60 billion, on products imported from the US in response to a tariff hike ordered by Trump on some $200 billion worth of Chinese goods. EFE
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