BEIJING (Reuters) – China’s finance ministry said on Friday it will extend tariff exemptions for imports of 6 products from the United States including white oil and food-grade petroleum wax, for another year.
The extension, effective on Dec. 26, will last through Dec. 25, 2021, the ministry said.
China announced tariff exemptions on the 6 chemical and oil products from the U.S. in December last year, shortly after the two countries announced a Phase 1 trade deal.
(Reporting by Hallie Gu and Shivani Singh; Editing by Kirsten Donovan)
