China to Begin Exclusion Process for Second Round of Retaliatory Tariffs

China will soon begin accepting a second round of applications for exemptions from its retaliatory tariffs on U.S. goods, according to an Aug. 28 report from Xinhua, China’s state run news agency. The exemptions are for the tariffs on $60 billion in U.S. goods that China imposed Sept. 24, 2018. Companies can begin filing online applications for the exclusion process between Sept. 2 and Oct. 18, the report said. Xinhua said the China State Council’s Customs Tariff Commission will “offer temporary tariff exemptions or refunds of added duties” based on the applications. China also plans to launch an exclusion process for the most recent round of retaliatory tariffs on $75 billion worth of U.S. goods announced Aug. 23 (see 1908230004).