Dubai – Masaader News
The Chinese government issued tariff exemptions on 16 products, including shrimp, fish meal and cancer treatment drugs, according to CNN.
Chinese importers can apply for a refund of tariffs already levied on 12 of the products. Four products, including whey, are eligible for the exemption but not for refunds.
The trade war is weighing on the Chinese economy, which is suffering a major slump in growth. And tariffs have only been getting more severe lately. The United States has levied tariffs on Chinese goods worth hundreds of billions of dollars.
Beijing has retaliated with its own tariffs that target more than 5,000 US products. Some of those have already taken effect, while others are expected to take effect in the coming weeks.