China extends tariff exemptions for 16 U.S. products, U.S. to remove tariffs on Canadian aluminum
China extends tariff exemptions for 16 U.S. products
BEIJING (Reuters) - China’s finance ministry said on Tuesday it will extend existing tariff exemptions for 16 products from the United States including lubricants, whey and fish meal by an additional year.
The products received exemptions from retaliatory tariffs imposed by China on U.S. goods as counter measures to U.S. Section 301 action in 2019. The extension will last through Sept. 16, 2021, the ministry said.
To Read More: https://www.reuters.com/article/idUSB9N2BD05I
U.S. to remove tariffs on Canadian aluminum if imports stay within limits
WASHINGTON, Sept 15 (Reuters) - The Trump administration has reached an agreement with Canada to limit imports of raw Canadian aluminum into the United States, allowing duty-free shipments of the metal to resume retroactive to Sept. 1, the U.S. Trade Representative’s office said on Tuesday.
USTR had reimposed a 10% tariff on non-alloyed, unwrought aluminum from Canada in August after a surge in imports across the northern U.S. border. In a statement, the agency said it had determined after consultations with the Canadian government that aluminum imports from Canada were expected to “normalize” to 70,000 to 83,000 tons per month in the last four months of 2020. (Reporting by David Lawder, Editing by Franklin Paul)
To Read More: https://www.reuters.com/article/idUSL1N2GC1F9
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