China is quietly rolling out tariff exemptions on some U.S. imports amid mounting economic strain from the ongoing trade war, according to Reuters. Pharmaceutical products and aerospace components are among the goods reportedly granted relief. The Ministry of Commerce met with over 80 foreign firms this week to assess trade war impacts. Analysts say the exemptions could lower costs for Chinese firms and offer relief to U.S. exporters. China has not publicly confirmed the exemptions, but the Politburo has emphasized economic stability and domestic support.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China is quietly rolling out tariff exemptions on some U.S. imports
00:05amid mounting economic strain from the ongoing trade war, according to Reuters.
00:10Harbaceutical products and aerospace components are among the goods reportedly granted relief.
00:14The Ministry of Commerce met with over 80 foreign firms this week to assess trade war impacts.
00:19Analysts say the exemptions could lower costs for Chinese firms and offer relief to U.S. exporters.
00:24China has not publicly confirmed the exemptions,
00:27but the Politburo has emphasized economic stability and domestic support.
00:31For all things money, visit Benzinga.com slash GSTV.