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China exempts some US goods from 125% tariffs

  • China has exempted some semiconductors made in the United States from a 125% tariff, amid ongoing trade tensions, according to a Chinese financial media outlet.
  • Sources from The Washington Post indicated that multiple microchips would see a reduction to zero tariffs.
  • Market reactions showed a shift in the offshore yuan, which gained value following reports of tariff exemptions, indicating changes in trade dynamics.
  • While discussions continue, officials have stated companies should submit customs codes for U.S. Goods needing exemptions, reflecting economic interdependence between the two nations.
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  • 44% of the sources are Center
44% Center
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Forbes broke the news in United States on Friday, April 25, 2025.
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