Chinese officials are quietly drawing up a “whitelist” of critical U.S. goods that importers rely on to exempt them from Beijing’s retaliatory tariffs, Reuters reported, citing unnamed people familiar with the matter.
Why It Matters
The news adds to a growing number of reports from China of businesses discovering that tariffs have been waived on some goods, such as certain semiconductor and integrated circuit products.
It also shows how, underneath its tough rhetoric, Beijing is trying to mitigate the impact of the U.S. trade war on its export-reliant economy, the world’s second-largest, which was already under pressure from a broader slowdown.
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Source: https://www.newsweek.com/china-quietly-exempts-key-us-goods-tariffs-report-2065950
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