China grants some exemptions fare for US imports as trade war tickets

Unlock Free

Roula Khalaf, publisher of the FT, selects her favorite stories in this weekly newsletter.

China has granted some exemptions fare to North -American imports and is planning to increase other duties, according to the local North -American Business Lobby Group, with a sign of possible relief for companies affected by the Donald Trump trade war.

The China Ministry of Commerce is reviewing the sectors affected by the 125 percent of Beijing on North -American goods, said Michael Hart, the American Chamber of Commerce in China on Friday.

Hart said that health imports to China were under review for possible rates exemptions.

Sector companies such as aviation and industrial chemicals said that some of their products had already received a rescue, while local media reported that some semiconductors They had been saved rates.

Hart added that the United States Department of Commerce was also reviewing the impact of business functions.

“It is good to see that the two parties review the rates and it seems that they are beginning to produce exclusions for specific categories,” Hart said.

The China Ministry of Commerce did not respond to a request for comments on fare exemptions. The Ministry of Foreign Affairs said he knew no exemption and reiterated that there had been no direct talks with the United States in reducing taxes.

United States President Donald Trump has already done Excluded Chinese High Value Goods Such as intelligent and electronic phones from their rates up to 145 percent, but later clarified that these exemptions would be temporary.

The 125 percent Beijing retaliation (North -American agricultural property and energy have affected the retaliation of 125 percent.

Hart said ChinaThe Ministry of Commerce had known representatives of the House and its member companies to determine the fall of the Tit-Pertat rates.

“Our member companies have reported that even last week they had a few imported shipments that had no covered rates,” he said.

“So I think for the critical sectors, we may be able to assume that this is already in its place, but I do not think it is a specific policy. I think it is more than unique right now.”

French aerospace engine maker Safran also said on Friday that China had granted some import rates exemptions. CEO Olivier Andriès said about a call call that “China decided to exempt any shipping, Nacelles, landing appliances or parts”.

Hart also identified pharmacists and medical devices as potentially vulnerable industries, due to their high levels of import.

If the rates continued in place at the current levels, he said: “It would be difficult to imagine that we would not see some companies closing and leaving.”

The efforts of the two parties to mitigate the worst effects of an online trade war, as Trump has insisted, despite Chinese denials, this Negotiations are underway And taxes will soon be reduced.

China’s Ministry of Commerce requested Washington on Thursday to ”Cancel all unilateral fare measures“If you wanted to start commercial conversations.

Economists have warned that bilateral trade in some sectors is at risk of slowing down, with the current level of rates Make imports unviable For many Chinese companies.

Chinese President Xi Jinping said that Beijing had to “fully prepare emergency plans” on Friday to promote the economy at a Politburo meeting of the Communist Party 24 members on Friday.

XI called on the government to increase support for companies, to speed up efforts to increase consumption and solve a faster fall in the real estate sector for years.

Officials should “coordinate national economic work and international economic and commercial struggles,” he said.

Ian Johnston’s additional reports in Paris