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.
115 Articles
115 Articles
China drops tariffs on US semiconductors, weighs more exemptions as countries attempt to navigate trade war: reports
China has quietly exempted some semiconductors from tariffs, and is considering more exclusions for certain US industries, as the world’s two largest economies attempt to navigate a trade war with potentially devastating effects, according to reports.
China waives tariffs on some U.S. goods, but denies Trump’s claim that talks are underway
China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses that have been notified, in the clearest sign yet of Beijing’s concerns about the trade war’s fallout.
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