China exempts some US-made goods from steep tariff – Washington Examiner
China has begun to exempt certain U.S.-made goods from its steep 125% tariff, as reported by the Wall Street Journal. This decision allows specific items such as semiconductors, chip-making equipment, medical products, and aviation parts to bypass the tariff, which was initially imposed after President Trump enacted a 145% tariff on imports from China. The exemptions come as Chinese officials recognized the difficulty in sourcing thes goods from choice suppliers. Although China has withheld public announcements regarding these exemptions to avoid revealing weaknesses in its economy, they have been preparing a list since early April in response to escalating trade tensions with the U.S. While Trump has indicated ongoing communications with Chinese President Xi Jinping about trade, officials from China have claimed that no substantial conversations have taken place.
China exempts some US-made goods from steep tariff
China has begun exempting certain U.S.-made goods from its 125% tariff, according to multiple reports.
A Wall Street Journal report on Saturday detailed the move from Chinese officials to exempt U.S.-made semiconductors, chipmaking equipment, medical products, and aviation parts from the steep tariff it levied after President Donald Trump imposed a 145% tariff on the country. China made the exemptions after realizing it would not be able to import the goods from elsewhere.
When the trade spat with Trump escalated in early April following the U.S. president’s “Liberation Day” announcement, China began preparing a list of U.S. imports it was planning on exempting from the tariff. Besides crucial semiconductors and chipmaking equipment, that list includes industrial chemicals such as quartz and ethane, lithography machines, helicopters, and vaccines, according to people familiar with the matter.
China has not publicly announced the exemptions due to fears that they could reveal vulnerabilities in its economy, one person told the outlet.
Any trade talks that have taken place between the United States and China appear to be insubstantial.
While Trump revealed on Friday that he spoke with Chinese President Xi Jinping “many times,” he declined to offer any details on the conversations.
The U.S. president later said he would give more details on the call “at the appropriate time” but wanted to “see if we can make a deal” first.
“We have a lot of things going on, and I think, in the end, we’re going to end up with a lot of good deals, including tariff deals and trade deals,” Trump said. “I think the tariff plan is going very well.”
Chinese officials, meanwhile, have maintained that there have been no trade conversations between Beijing and Washington.
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