The Chinese government plans to exempt certain US imports from their customs rights of 125% and asks companies to identify the products that probably benefit from it, which constitutes the greatest sign that Beijing is concerned about the economic benefits of commercial climbing with Washington.
A working group from the Ministry of Commerce of China is in the process of preparing lists of articles that are probably exempt from customs duties and asks the companies that present their own proposals, said a source that has been expressed under the coverage of anonymity.
The Chinese Economic Magazine Caixin reports Friday, citing Fuentes, which Beijing is about to include eight semiconductor -related products, but not memory chips.
A list of 131 categories of products that could benefit from exemptions circulated widely on Friday on social networks and between companies and commercial groups. Reuters could not verify this list, whose elements range from vaccines to industrial chemicals and flat motors.
According BloombergThe authorities also plan to eliminate customs tasks in aircraft rentals, the sources said. Like many airlines, Chinese carriers are not owned by all their devices and pay rent rates to third -party companies for the use of certain devices. These payments would have been financially ruinous with these additional customs rights.
Although Beijing’s final leader is still unknown, Huatai Securities, who analyzed the list that circulated in commercial groups, said it corresponded to imports worth $ 45 billion (39.75 billion euros) in 2024.
A more significant support gesture for companies
The Secretary of the United States of Treasury, Scott Besent, said the high customs duties between the United States and China were not viable. The United States has also offered exemptions for various types of electronic devices. China, who repeatedly repeated that it was ready to fight until the end if the United States did not increase its customs duties, enters the commercial war when it flirts with deflation, consumer spending and consumer morals never really recovered from the Cavid-19 pandemic.
If the government encourages exporters achieved by customs’ tasks to resort to local markets, companies claim that profits are lower, minors demand and less reliable customers. These defeations of customs tasks would constitute a more significant support gesture, even if, allowing the resumption of certain exchanges, they also reduce pain for the US economy and relieve the White House on the part of the pressure.
Source: BFM TV
