China’s exemptions reflect similar movements by the US, which excluded the electronics of their 145 percent tariff on Chinese imports earlier this month | Photo credit: Tingshu Wang
The Chinese government is considering suspending its tariff of 125 percent of some imports from the United States, people familiar with the matter said, since the economic costs of the Tit -for Tat commercial war weigh on certain industries.
The authorities are considering eliminating additional taxes for medical equipment and some industrial chemicals such as ETANO, people said, asking not to be identified private deliberations.
The authorities are also arguing to renounce the rate for airplane leases, people said. Like many airlines, Chinese carriers do not have all their aircraft and pay lease rates to third -party companies to use some Jets payments that would have become financial with the additional rate.
The exemptions that China’s calm reflects similar movements by the US, which excluded the electronics of their 145 percent tariff on Chinese imports earlier this month. The setbacks reflect how deeply intertwined are the two largest economies in the world, and some key industries stop after the commercial war intensified.
While the United States matters much more than China than the other way around, the Beijing movement highlights the areas of its economy that continue to depend on US assets. China is the largest plastics manufacturer in the world, but some of its factories depend on ETANO, which is mainly imported from the United States. And their hospitals depend on advanced medical equipment such as magnetic resonance images and ultrasound machines made by US companies such as Ge Healthcare Technologies Inc.
The Ministry of Finance and General Customs Administration of China did not respond to comments requests.
The exemption list is still in flow and discussions may not progress. Authorities have asked companies in vulnerable sectors that present the customs codes of US assets they need to be exempt from new rates, other people said with the matter. At least one Chinese airline has been notified that payments to air lease companies located in free trade areas will not be subject to the new tax, said a person.
Merchants have also allegedly circulating exempt lists of customs code rates that correlate with key chemicals and chips manufacturing components. Bloomberg news He could not independently verify the lists.
Beijing also prepares to give up additional tariffs on at least eight semiconductor -related products, Caijing reported on Friday, citing anonymous sources. These categories do not include memory chips at the moment, the exit said, in a possible blow to Micron Technology Inc., the world -number 3 memory chips manufacturer.
Investors are looking for signs that the two countries will be involved in lower tariffs, but relations can still be at an end point. On Thursday, Chinese officials publicly demanded that the United States revoked all unilateral rates before accepting commercial conversations. President Donald Trump has tried to put President Xi Jinping on the phone since he returned to a position, but the Chinese leader has resisted, until now, pressing the lower level conversations instead to achieve an agreement.
In the front of the USA, the Trump administration has exempted smartphones, computers and other electronic of its so -called reciprocal tariffs, an important postponement for global technology manufacturers, including Apple Inc. and Nvidia Corp., although enhanced by a temporary one. Exclusions apply to smartphones, laptops, hard drives and computer processors and memory chips, as well as flat screen screens.
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Posted on April 25, 2025
