Tariff Exemption: China and Supply Chain

tariff exemption: He also stressed that the tariff exemption from the US indicates some positive signals for the upcoming bilateral trade talks in October, according to Global Times China. Chinese State Councilor and Foreign Minister Wang Yi said on Wednesday that China and the US have become the most important trading partners and investment countries, sharing deep ties in the supply chain and common interests. The move shows China's sincerity in promoting the development of trade consultations, an expert said. It is simply unreasonable and unrealistic for the two countries to decouple from each other. China announced its support for domestic companies to purchase a certain amount of pork and soybeans from the US in line with market principles and WTO rules. A US-China decoupling would mean decoupling from opportunities and the future, he commented. (news.financializer.com). As reported in the news.