China to grant tariff exemptions on 696 U.S. goods to support purchases

BEIJING (Reuters) - China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfil commitments made in its interim trade deal with the United States.Tuesday's announcement comes after the Phase 1 trade deal between the two countries took effect on Feb. 14 and is the third round of tariff exemptions China has offered on U.S. goods.China has committed to boosting its purchases of goods and..