China Starts Tariff Exemptions, Keeps Pressure on U.S. Farms

China Starts Tariff Exemptions, Keeps Pressure on U.S. Farms

"I can't believe what President Trump says" concerning trade negotiations, Xi was quoted as telling Abe during a meeting on the fringe of the Group of 20 summit in Osaka.

The exemptions will become effective on September 17 and be valid for a year, according to the Customs Tariff Commission of the State Council, which released 2 lists that include seafood products and anti-cancer drugs.

Other categories that will become exempt include alfalfa pellets, fish feed, medical linear accelerators and mould release agents.

Today's exemptions apply to the round of tariffs China imposed on USA goods starting last July in retaliation for higher US levies.

The lists mark the primary time Beijing has introduced merchandise to be excluded from tariffs.

The American Chamber of Commerce in Shanghai's annual China Business Report also found that 75 percent of United States firms opposed the USA use of punitive tariffs to force China into a trade deal and market-access reforms.

Chinese stocks edged down and the yuan pared earlier gains after the announcement.

Idaho officials confirm 2 cases of vaping-related illness
They wrote up their findings about six patients in the New England Journal of Medicine . Antibiotics didn't work, and it's not clear yet whether steroid drugs helped.

American businesses are increasingly pessimistic about their prospects in China as the United States trade war rumbles on, with growing numbers of companies expecting their revenues and investment in the local market to shrink, a survey said on Wednesday.

The items in the two lists posted on the ministry's website will not be subject to the additional duties imposed by China on US goods "as countermeasures to measures under section 301 of the US Commerce Act", the Chinese agency said.

"There are still many uncertainties in the coming trade talks", she said.

President Trump, who has threatened to raise those tariffs to 30%, has long held that trade wars "are easy to win" but talks with Beijing have proved more complicated than he anticipated. Both nations will increase some of them again on December 15 unless there is a breakthrough.

Significant US exports to China, like pork, soybeans and American-made cars, are among the goods that will still be hit by the hefty taxes.

Applications for the second tranche of exclusions started on September 2 and will close on October 18, China's finance ministry said earlier on its website. Tariffs already imposed on these items are deemed non-refundable.

The American Chamber of Commerce in Shanghai said just 47 percent said they expected to increase their investments in China in 2019 - down from 62 percent past year - while three-quarters of businesses surveyed said they opposed the use of punitive tariffs by the United States to force China into a trade deal.

Related News:

  • Federal election campaign to kick off on Wednesday

    Federal election campaign to kick off on Wednesday

    There were eight independents - including former Liberal cabinet ministers Jane Philpott and Jody Wilson-Raybould. Scheer, the head of the conservative party, said today that Trudeau had lost the moral authority to govern.
    Iranian fan dies; set herself on fire outside court

    Iranian fan dies; set herself on fire outside court

    She was initially charged in March and released from jail after three days and she had waited six months for her trial. Although there is no official ban in place, women in Iran are often refused entry as reported by the BBC .
    Hong Kong fans turn back on Chinese anthem

    Hong Kong fans turn back on Chinese anthem

    The protests present no indicators of abating, and Ms Lam has struck an uncompromising tone for a lot of the final three months. Hong Kong visitor arrivals plunged almost 40 per cent in August from a year earlier.
  • Trump says FDA will ban flavored e-cigarettes to combat teen vaping

    Trump says FDA will ban flavored e-cigarettes to combat teen vaping

    People think it's an easy solution to cigarettes, but turns out that it has its own difficulties", said President Trump. E-cigarette manufacturers have been trying to market their products as better alternatives to cigarettes.
    UK: Bill ruling out no-deal Brexit becomes law

    UK: Bill ruling out no-deal Brexit becomes law

    Earlier he visited Ireland, and made a rare admission that a no-deal exit would be a failure of diplomacy. Talk is now turning to a November poll.
    Ponting hails 'relentless' bowlers as Australia retain Ashes

    Ponting hails 'relentless' bowlers as Australia retain Ashes

    Although England have already missed out on regaining the urn, they can still take pride out of attempting to avoid a series defeat.
  • Apple unveils $499 Series 5 Watch with always-on display

    Apple unveils $499 Series 5 Watch with always-on display

    While their displays have generally been bright and clear, they're only active when you tilt your wrist and wake them up. Apple is putting it to work with a new Watch Maps app that now allows you to see which way you are facing.
    Green Day, Fall Out Boy and Weezer announce Dublin gig

    Green Day, Fall Out Boy and Weezer announce Dublin gig

    Wyclef Jean will be featured on their forthcoming record Greatest Hits: Believers Never Die - Volume Two, out November 15. They call it the Hella Mega Tour , which is going to bring the best of 2000's pop punk to Ireland.
    Phoenix hails 'greatest' role as 'Joker' hits Toronto

    Phoenix hails 'greatest' role as 'Joker' hits Toronto

    Stay tuned to Heroic Hollywood for the latest news on Joaquin Phoenix , Joker , and the future of the DC slate as we learn it. With a role that's been tailor-made for him, it's hard to imagine Phoenix will do anything short of stunning with Joker .
  • First Alert Forecast: local summery pattern, watching tropical waves in the Atlantic

    First Alert Forecast: local summery pattern, watching tropical waves in the Atlantic

    Currently, however, four tropical systems are being closely monitored including Tropical Storm Gabrielle in the North Atlantic. The second is located near the Cape Verde Islands and has a 30% chance of development during the next five days.
    IPhone 11: What is Deep Fusion?

    IPhone 11: What is Deep Fusion?

    Apple underscored the ambitiousness of the new pro system by showcasing images taken on the devices by professional photographers. A new Apple Watch 5 comes with an always-on display and the ability to sign up for several new clinical health research studies.
    Strong showing for opposition in Moscow city election

    Strong showing for opposition in Moscow city election

    Navalny's allies were excluded from the election over alleged irregularities and he has put forward a Smart Voting plan. There were reports on social media about violations by various activists which can't be independently verified.


Most liked

Brexit: What's Jeremy Corbyn's thinking?
The PM is expected on Tuesday to continue to campaign for the election he is yet to have any success in triggering. But the only way to break the Brexit deadlock once and for all is a public vote in a referendum.

Robert Mugabe's body being flown home from Singapore
Mugabe's first wife, Sally, is buried there next to a gravesite long reserved for the leader. He led Zimbabwe for nearly four decades until he was toppled in November 2017.

United States of America beaten by France in quarter-finals in China
France led 45-39 at intermission but the USA stormed ahead 66-63 after three quarters led by Mitchell. He had 14 points in the third quarter, and his dunk with 2:40 left pulled the USA into a 60-60 tie.

Speaker John Bercow to stand down after Tory election threats
MPs approved, without a vote, a motion from Labour leader Jeremy Corbyn demanding the government abide by the rule of law. ET) when opposition lawmakers lined up to shake the Speaker's hand, capping off an acrimonious day in Parliament.

To Launch November 1 At $4.99 A Month 09/12/2019
At Tuesday's event, Apple CEO Tim Cook didn't have much new to say about the TV+ service beyond its pricing and service date. Both the regular and "pro" iPhone 11 models will be available for pre-order Friday 13, be available for purchase Friday 20.

Research By Movemeber Reveals Men's Mental Health At Work A Problem
Males continued to account for three-quarters of suicide deaths in 2018, with 4,903 deaths compared with 1,604 female deaths. Afterwards, there will be a "community conversation" and Luppino will share his personal story about suicide, Willis said.

Amber Rudd should never have joined a Government with which she disagreed
Referencing her resignation, she added: "This was a very personal and hard decision". "It is unchanged, we will be leaving on October 31", he said.

North Korea fires projectiles after offering talks with US
What Happened: North Korea test-fired two projectiles into the Sea of Japan early on September 10 local time, Yonhap reported. The JCS said they received warnings of the twin launches at 6:53 am and 7:12 am Korean time.

UN atomic watchdog confirms Iran installing new centrifuges
The International Atomic Energy Agency (IAEA) is investigating the particles' origin and has asked Iran to explain the traces. The deal only lets Iran produce enriched uranium with just over 5,000 of its first-generation IR-1 centrifuge machines.

Japan may have to dump radioactive water into the sea
For the last eight years around 200 tonnes of radioactive water have been pumped out of the damaged reactor buildings every day. But one isotope, tritium, can not be removed so the water has been stored in a huge tanks which will fill up by 2022.

Softbank urges WeWork to shelve IPO over valuation worries:The Asahi Shimbun
A WeWork spokesperson told Business Insider: "The company is in a quiet period and will politely decline to comment". SoftBank and its Saudi-backed Imaginative and prescient Fund have invested greater than $10 billion in WeWork .

US Accuses Iran Of 'Possible Undeclared Nuclear Activities'
Pompeo made the comments at a news briefing to unveil new sanctions on groups including Iran's Islamic Revolutionary Guard Corps. In a statement issued on Monday, he stressed that the regime's nuclear activities remain a cause for serious concern.

UK Summons Iran Ambassador for Breaching Assurances on Oil Tanker
The Adrian Darya 1, formerly known as the Grace 1, was carrying 2.1 million barrels of Iranian crude oil worth some $130 million. It is thought the ship turned off its transponder in the Mediterranean Sea before travelling to Syria .

Alibaba's Jack Ma steps down as industry faces uncertainty
It employs over 100,000 people, and has expanded into financial services, cloud computing and artificial intelligence. Tsai said Alibaba stands to benefit from Beijing's promise to increase imports and a growing consumer market.

US House Steps Up Trump Impeachment Probe
At least 134 House Democrats support an impeachment inquiry, according to a Reuters head count. If he can not respect the Constitution, we'll have to deal with that.