China has drafted a list of US-made products that will be exempted from its 125% tariffs. Officials are reportedly notifying companies affected by the policy shift as Beijing seeks to ease the impact of its trade war with the US.
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00:00China has created a list of U.S.-made products that would be exempted from its 125% tariffs.
00:08Currently, Chinese officials are quietly notifying companies affected by the policy shift
00:13as Beijing seeks to ease the impact of its trade war with Washington.
00:20China has already granted tariff exemptions on items like pharmaceuticals, microchips and aircraft engines
00:27and is asking firms to flag other critical items they need levy-free.
00:32The full exemption list remains undisclosed,
00:35and the existence of this so-called white list had not been previously reported, according to sources.
00:40This low-profile approach allows China to offer concessions while maintaining its public stance,
00:46insisting it will not back down unless the U.S. lifts its 145% tariffs.
00:52The list of exempted products also appears to be growing.
00:54Reuters reported that China has waived tariffs on U.S. methane imports
00:59after major processors requested exemptions, as the U.S. is their only supplier.