China exempts some US goods from 125% tariffs
- China has quietly rolled back 125% tariffs on some US semiconductors and aircraft parts, according to import agencies in Shenzhen.
- Customs data show China imported $11.7 billion worth of semiconductors from the US last year, highlighting their importance.
- The Chinese government is collecting lists of goods eligible for exemption from US tariffs, reflecting concerns over economic impacts from the trade war.
- Experts suggest these exemptions may indicate China's lack of autonomy in chip production.
122 Articles
122 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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