Medical, Household and Pet Supplies among Chinese Products Exempted from Tariffs


US plans to exclude Chinese products like medical, household and pet supplies, straws, and sports equipment from tariff.

The US and China headed into talks in Washington on Friday. IT was also announced that the US will retroactively remove tariffs on a portion of the $250 billion worth of products targeted by President Donald Trump in 2018. Both China and the US has vowed to increase tariffs to a broader range of imports by the end of the year.

"We're doing this for the Christmas season," Trump told reporters of the plans. "Just in case some of the tariffs would have an impact on US consumers." However, the White House says that tariffs are needed to pressure China to respect and follow the US's technology and intellectual property rules.

Tariff exclusions will retroactively be applied to products in three separate batches between July and September 2018, depending on when they took effect within that period.

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Economics, Finance and Investing