China unveils new lists of US products to be excluded from additional tariffs

The Customs Tariff Commission of China's State Council on Friday unveiled the first set of lists of US goods to be excluded from the second round of tariff countermeasures against the US Section 301 measure.

The exemption, which covers two lists of goods, will be effective from Feb. 28 to Feb. 27, 2021, the commission said in a statement.

The first list allows affected import enterprises to apply for refunds of collected duties within six months from Friday. The second list allows firms to enjoy the exemption but does not allow tariff refunds.

Next, the commission will continue to work on the exemption process and release subsequent lists in due course, according to the statement.