China says to exempt more U.S. goods from higher tariffs

China will exempt higher tariffs on 65 U.S. products, such as timber and aircraft parts for one year starting Feb. 28, the Customs Tariff Commission of the State Council said Friday.As the two countries have effectively declared a truce in a protracted trade war, China also said earlier this week that 696 items imported from the United States, like pork and soybeans, will be exempted from the additional tariffs for one year.China has agreed to boost its purchases of U.S. goods and services over the next two years by at least $200 billion, including $32 billion on agriculture alone, in a mov…READ FULL ARTICLE