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.
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.
China has not publicly announced the exemptions due to fears that they could reveal vulnerabilities in its economy, one person told the outlet.
