Trade wise: China removed tariff from 16 US products

New Delhi: There has been relief news between China and America for a long time, trade war. China has announced the removal of tariffs on 16 categories of US products. According to a news report, the Customs Commission has said that this exemption in tariffs will come into effect from September 17. Two lists of products that have received this rebate have also been released by the Commission. These products include cancer drugs and seafood products.

The Chinese government has taken this decision at a time when a new round of trade talks with the US is scheduled to take place next month. According to the report of the American newspaper The New York Times, the list of American products exempted from tariffs released by China does not include soybean and other agricultural products.

According to the report, this list does not include those big-ticket items that would have been helpful in the Trump Administration's consideration of a trade deal with China. According to China's Ministry of Finance, this list includes cancer drugs, lubricants, pesticides and many other products. According to the report, China will return the amount of tariff imposed earlier. It is expected that this move by China will help end the trade war between the two countries.

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