International Asia China exempts US imports from tariffs for virus fight

China exempts US imports from tariffs for virus fight

The US and China have been engaged in a bruising trade conflict for around two years

Author

Date

Category

- Advertisement -

Beijing announced Saturday that US imports that can be used in China’s fight against a deadly new virus will be exempted from retaliatory tariffs imposed in the trade war.

The decision comes as China is scrambling to contain the spread of the virus which has overwhelmed hospitals and caused shortages of medical supplies in the worst affected city, Wuhan.

The US and China have been engaged in a bruising trade conflict for around two years, although both sides came to a ceasefire last month with Beijing agreeing to buy a further $200 billion of US products in a partial trade deal.

But tit-for-tat levies remain on goods worth hundreds of billions of dollars.

- Advertisement -

On Saturday, China announced that it would “implement more preferential import tariff measures from January to March 2020, to step up support for prevention and control of the (ongoing) epidemic”.

Authorities added that “tariffs that have been levied (on goods used in the fight against the virus) can be refunded.”

Beijing said it would relax its rules on tariff exemptions, and this would extend to goods such as disinfectants, protective supplies and emergency command vehicles.

The new coronavirus has killed more than 250 people and infected nearly 12,000 across the country.

bys/lth/mtp

© Agence France-Presse

/AFP

Send in your scoop to news@theindependent.sg 

- Advertisement -

Kranji land ‘erroneous’ clearing: more supervision not always best solution, says Chan Chun Sing

Singapore – Processes should be streamlined and not more layers of supervision added in public service, said Trade and Industry Minister Chan Chun Sing on Friday (Feb 26) in response to the erroneous clearing of a large patch of woodland in...

National reserves: Whatever their strategic value, Singaporeans have right to know how they are managed

  The ruling People’s Action Party is weaponising knowledge of the exact amount of Singapore’s national reserves as a way of helping it stay in power. That’s unacceptable. It does not have such an in perpetuity right. One of the debates in...

Jolin Tsai’s perky butt got the internet abuzz

Taipei -- Mandopop diva Jolin Tsai isn't shy of flaunting her figure in all kinds of sexy and revealing outfits and her fans are just lapping it up. The 40-year-old singer uploaded a couple of photos from her trip to Yangmingshan...

Send in your scoop to news@theindependent.sg 

Theindependent