The list of exceptions is still under the development, the resources of the Bloomberg agency mentioned.
The Chinese government considers suspension of 125% of duties to certain goods from the United States against the rear of economic losses that some industries are experiencing due to restrictions on one another. Bloomberg reported this with a reference to knowledgeable resources.
Beijing considers removal of additional duties for medical equipment and some industrial chemicals, such as Ethane.
The possibility of exemption from rent payments for aircraft is also discussed: Chinese carriers do not own all their air fleet and rent an aircraft part from third -Party companies.
The exceptions that China remember reflects similar measures from the United States, which in early April released from 145% of the electronics of duty from the PRC. Both sides are making concessions, emphasizing how close the two largest economies in the world are intertwined, and some major industries have stopped after the rise of the trade war.
The list of exceptions is still under development. According to resources, companies from weak sectors have received a request from authorities to provide customs codes of US goods, which they need to exclude from new tariffs.
One of the resources said that at least one of the Chinese companies has been reported: rent payments to companies from free trade zones will not be taxed.
Beijing is also ready to cancel additional duties of at least eight categories of products associated with semiconductors. However, as specified, the list does not include microcircuits memory – what could be a blow to Micron technology, the third largest manufacturer of such chips in the world.
Earlier, China suggested that the EU be united against Trump. The total relationship with China’s trade and the EU forms more than one third of the world’s general trade. But then, Beijing called Trump to cancel duties and “right mistakes.”
China warns countries from trade along the deer to the beijing destruction
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.