China weighs the exemption of some commodities from the American tariff, where economic repercussions are feeling

According to what was reported, China weighs whether it will be established we Imports Through its tariff of 125 % as economic repercussions in its ongoing trade war with Washington become more clear.

For all reports from Reuters, a Ministry of Commerce Taskforce collects lists of elements that can be exempted from customs tariffs and asks companies to submit their own requests.

On Friday, the news Caijing magazine reported that Beijing was preparing to include eight elements related to the semi -conductors, but not memory chips.

It was a list of more than 130 categories of exemptions that qualify for exemptions – from vaccines and chemicals to jet engines – spinning widely between companies and commercial groups on Friday.

Beijing says China is not negotiating with us about the trade war

While the scope of potential exemptions is still unknown, Huatai Securities analyzed the list circulating in commercial groups and said it is compatible with imports of $ 45 billion last year.

Washington said that the current current situation cannot be defended economically and has already provided introductory exemptions for some electronic goods. But Beijing took a more difficult position, saying he was ready to fight to the end unless the United States raises a tariff.

The exemptions are a greater gesture to support, although by allowing some trade to appeal, they also reduce pain for the American economy and take some pressure from the White House.

The commercial war between the global powers is escalating amid the weak demand in China, as the spending and consumer feelings are not correctly recovered from the level of the epidemic.

Click here to get Fox Business on

The government pays a source of customs tariff qualifiers to the axis of local markets, but companies say that profits are less, and demand demand weaker and less reliable customers.

Reuters contributed to this report.