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 imposed 125% tariffs on all U.S. imports earlier this month in a tit-for-tat response to the Trump administration’s “reciprocal” tariffs against China.
China considers exemption for some U.S. imports from its 125% tariffs as the economic fallout in its ongoing trade war with Washington becomes more apparent.
China is considering exempting certain imports from the U.S. from the 125 percent tariffs it imposed earlier this month, as retaliatory measures between the world’s two largest economies continue, multiple outlets reported on Friday.
