Rational move aimed at fighting US trade bullying
Unveiling the first list of goods to be excluded from the first round of additional tariffs imposed on US imports, China said on Wednesday that the exemption would be effective from Sept 17 for a year and allow the affected enterprises to seek refund of the additional tariffs.
According to the Customs Tariff Commission of the State Council, the list is based on its audit of the first batch of applications received from enterprises between June 3 and July 5 that complained of facing difficulties in securing substitute sources for their imports from the US because of the duties levied by China in response to the US' tariffs on Chinese goods.
The commission, which started receiving the second batch of applications from enterprises on Sept 2, said it would publish the second list and initiate the third round of applications soon.