China to Lift Tariffs on US Resins
December 19, 2019
China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world's two largest economies announced a phase one trade deal.
The exemptions will be for one year from Dec. 26, the Finance Ministry said, without providing a value for the imports excluded from duties. Duties already imposed on U.S. products would not be refunded, the ministry added.
The tariff waivers will apply to four chemical products, such as metallocene, high-density polyethylene (HDPE) and a special grade of linear low-density polyethylene (LLDPE), and refined oil products that include white oil and food-grade petroleum wax.
-- The Plastics Exchange
Contributed by Phil Flynn of Price Futures Group
pflynn@pricegroup.com
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