September 12, 2019 — China will exempt US fishmeal and shrimp broodstock from tariffs in its first batch of exemptions since the trade war began.
Starting from Sept. 17, for one year, China will waive additional tariffs on imports of the two fisheries products, along with tariffs on 14 other US goods, China’s State Council announced on Tuesday.
The exemptions come as trade negotiations between the two economic powers restart this month.
According to Chinese customs figures, in 2017, China imported 102,731 metric tons of US fishmeal, worth $160m. This made the US China’s third-largest supplier of the ingredient, after Peru and Vietnam.