BEIJING—China will grant exemptions on retaliatory duties imposed against 696 U.S. products, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States.
The announcement on Feb. 18 comes after the “phase one” trade deal between the two countries took effect on Feb. 14 and is the third round of tariff exemptions that China has offered on U.S. goods.
