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Posted on 04/25/2025 8:20:49 AM PDT by DFG
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.
Taxes on at least eight classifications of US microchips have been lowered to zero, a huge drop from China’s 125% retaliatory tariff on all other US goods, Caijing, a Chinese financial magazine, reported on Friday.
Though the article was later deleted, two importers confirmed that certain semiconductors have been spared from the hefty duties, according to The Washington Post.
Chinese officials are weighing further exemptions on medical equipment and some industrial chemicals like ethane, sources familiar with the matter told Bloomberg.
The government is also considering removing the tariff on plane leases, sources said. Chinese airlines, like most other carriers around the world, do not own all of their planes. Instead, they pay leases to third-party companies.
China’s embassy in the US did not immediately respond to The Post’s request for comment.
In the public eye, however, China has appeared resistant to de-escalating heightened trade tensions, claiming that trade talks with the US haven’t even started yet after Trump indicated that lower rates on the nation are in the works. The nation called for the US to revoke all “unilateral” tariffs.
Later on Thursday, Trump said that the White House has been meeting with Chinese officials, claiming there had been a meeting that same morning.
Shares in Asia soared and the yuan erased losses after news of the potential exemptions circulated.
(Excerpt) Read more at nypost.com ...
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Hahah, every time Trump SAYS ANYTHING the headline is, Trump backs down and markets collapse. Interesting that this headline isn’t so🤣
People thought those semiconductors were the big deal. So, China backing off them must be a big deal.
It’s a start. Be respectful Freepers. Do NOT deliberately make Asians lose face. They’d rather die and then you have a real problem.
China isn’t stupid. Imposing tariffs on raw materials or vital components is one of the dumbest things you can do in an advanced industrial economy.
We owe China absolutely nothing. Their China virus release was an act of war. We must not ever forget it, even when chomping down on an egg roll!!
Xi Jingping might be a Freeper!
And so it begins
CCP is stupid.
And evil.
They need to go.
“ Be respectful Freepers.”
So your way to be respectful is to spew demeaning stereotypes.
Power struggle in Chicomland.
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