China has lifted even more tariffs on American goods



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The list of products published by the China State Council Customs and Tariffs Commission includes disinfectants, rare earth minerals and silicon wafers used in electronics.

Customs duties on these products will be lifted for one year from May 19, and merchants will be able to recover import duties already paid.

It is true that Beijing does not reveal how much China imported from the United States last year.

China has already released a list of 65 products for which tariffs were lifted in February. At the time, the list included, among other things, aircraft parts and medical equipment.

The revoked tariffs were announced at a time when China is grappling with supply chain disruptions and other economic consequences of the coronavirus pandemic, which have exacerbated the already strained Sino-US relationship.

Both sides discussed the response to the coronavirus pandemic, raising concerns that the partial trade agreement signed in January could be revoked.

The President of the United States, D. Trump, rejected the possibility of renegotiating the agreement a little earlier.

Under the deal, the Trump administration agreed to postpone the tariff increases, and China promised to buy an additional $ 200 billion in American goods. Dollars

On Friday, Chinese Vice Premier Liu He spoke on the phone with United States Trade Commissioner Robert Lighthizer and Treasury Secretary Steven Mnuchin, and confirmed that the two sides agreed to implement a partial trade agreement.

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