waiver program: The exemptions will apply to US goods including some anti-cancer drugs and lubricants, as well as the animal feed ingredients whey and fish meal, the Ministry of Finance said in a statement on its website on Wednesday, according to Nine News Australia. Beijing said in May that it would start a waiver program, amid growing worries over the cost of the protracted trade war on its already slowing economy. To improve your experience update it here News World China exempts some US goods from tariffs By AAP7 58pm Sep 11, has announced its first batch of tariff exemptions for 16 types of US products, days ahead of a planned meeting between trade negotiators from the two countries to try and de-escalate their bruising tariff row. Some analysts view the move as a friendly gesture but don't see it as a signal that both sides are readying a deal. The exempted list pales in comparison to over 5000 types of US products that are already subject to China's additional tariffs. The exemption could be seen as a gesture of sincerity towards the US ahead of negotiations in October but is probably more a means of supporting the economy, ING's Greater China economist Iris Pang wrote in a note.
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