Chinese importers are preparing applications for waivers on import tariffs levied on more than 700 U.S. goods in the Sino-U.S trade war, after the finance ministry said it would start taking submissions.
The Ministry of Finance last week posted a list of goods for which waivers could be granted which includes meats such as beef and pork, soybeans, coal and copper scrap.
The waivers are for tariffs imposed in July last year on $50 billion worth of U.S. goods in retaliation for similar measures taken by Washington. Beijing has since imposed additional tariffs on thousands of goods as a bitter trade war has escalated.
“We’re preparing our application, we’ll soon submit our materials,” said Shi Lei, a manager at meat importer Beijing Hopewise. “This is good news for us.”
Beijing said last month that it would start a waiver programme, amid growing worries over the cost of the protracted trade war on its already slowing economy.
Other goods on the list include tractors, motorcycles, mountain bikes and some pieces of medical equipment.