China to exempt additional tariffs on more US products

China on Thursday released another list of US products that will be exempted from the first round of additional tariffs on US products.

This is the second set of US goods to be excluded from China's first round of tariff countermeasures against the US Section 301 measures, the Customs Tariff Commission of the State Council said in a statement.

The exemption list will be valid from December 26, 2019 to December 25, 2020, said the statement.

Tariffs that have already been levied will not be refunded, it said.

The remaining US products subject to China's first round of additional tariffs will not be excluded for the time being.

Next, the commission will continue to work on the exemption process, and release the exemption lists of US goods subject to the second round of additional tariffs in due course.