First rumored late last week, Chinese state media now reports that Chinese firms are asking for tariff exemptions to buy U.S. ag products. Several Chinese companies want to purchase U.S. ag products and have applied for exemptions from the duties imposed on them by Beijing, state media reported.
The filed exemptions will now be heard by a panel of experts from the government, Xinhua reported Sunday. No companies or products were detailed.
The report noted President Trump's promise to suspend imposition of new tariffs on Chinese good and allow U.S. firms to sell products to relevant Chinese companies,” a likely reference to telecom giant Huawei.
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