China will allow companies to apply for tariff exemptions on 696 US products as of March 2, with several ag products on the list, including pork, beef, soybeans, denatured ethanol, wheat, corn, sorghum some medical devices, cooper ore and concentrates, copper scrap, aluminum scrap and some pharmaceutical products and antibiotics.
Crude oil, liquefied natural gas and several seafood products are also on the list of goods where importers can apply for the tariff exemptions.
The announcement from the Ministry of Finance indicated the imports are still to be based on market conditions and companies can apply to have other products added to the list of goods that are eligible for tariff exemptions.
The ministry will approve application within three working days. Buyers must get approval before their cargoes clear customs.
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