China will abolish increased import duties for a new group of American goods

China freed another group of American goods from higher import duties, which were introduced at the height of the trade war with the United States. Withdrawal of duties takes effect on May 19 for a period of one year.

The list of goods exempted from increased import duties contains 79 categories, including chemical products and industrial goods.

Earlier in February, Chinese authorities had already announced the abandonment of additional duties on a number of US goods, including medical equipment required by the PRC to combat the epidemic of coronavirus infection.

Such step (refusal of duties) demonstrates Beijing’s readiness to comply with the terms of the trade agreement concluded earlier this year with the United States, according to which China is committed to increase imports of American goods.