Manila, Sept. 15 -- China on Tuesday said it has decided to exempt tariffs on some US products for one more year, a move seen as another concession in an ongoing trade dispute between the two economic giants.
The Customs Tariff Commission of China's State Council said no additional tariffs will be imposed on 16 products from the US, including lubricants and fish feed, until Sept. 16, 2021, state-run daily Global Times reported.
The trade war between Beijing and Washington escalated over recent years as the US raised tariffs on Chinese imports and China responded in kind.
There have, however, been concessions from both sides along the way, with the US extending tariff exclusions for a wide range of Chinese goods last month until the end o...