China to launch exclusion process for retaliatory tariffs on U.S. goods

The Chinese government will launch an exclusion process, allowing some companies to seek exemptions from retaliatory tariffs Beijing is imposing on U.S. goods, according to Chinese state-run media. The exclusions are for tariffs on $60 billion worth of U.S. goods that were imposed on Sept. 24, 2018, in retaliation for 10 percent tariffs the U.S. imposed on $200 billion worth of Chinese goods. The U.S. has since ratcheted those tariffs up to 25 percent and will increase them to 30...