The Chinese Government is considering the possibility of cancellation of additional duties of 125% on individual US goods. This solution is related to economic losses in certain industries due to mutual trade restrictions. About it reports Bloomberg with reference to sources aware of the situation.
It is a possible exemption from the duties of medical equipment, industrial chemicals, including Ethane, as well as rent payments for the planes that Chinese airlines are leasing. Such exceptions are a response to similar actions from the United States, which previously canceled 145% of duty on part of electronics from China.
The list of goods that can be exempted from duties is not yet final. The vulnerable sectors of the Chinese economy have received requests for submission of customs codes from the United States, which is advisable to exclude from the tax list.
It is noted separately that China is also preparing to release from duties products related to semiconductors, at least eight categories. At the same time, the list does not include memory chips, which can adversely affect the interests of the American company Micron Technology.
