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China Quietly Exempts Some U.S.-Made Products From Tariffs
Beijing has been canvassing companies and waiving duties on U.S. goods in sectors where it lacks alternatives
“… Chinese authorities have told some importers of American goods that they would waive the most recent 125% increases in tariff rates for certain U.S. imports. Those products include certain semiconductors and chipmaking equipment, medical products and aviation parts, the people said.
The carve-outs highlight points of vulnerability for China’s economy. Many Chinese industries, particularly in advanced technology, aerospace and pharmaceuticals, remain reliant on American-made inputs.
The Trump administration, similarly, announced exemptions on its “reciprocal tariffs” for China-made smartphones, laptops and other electronics earlier this month, a recognition of the U.S.’s reliance on China for such goods.
… Two semiconductor traders said Chinese customs had lifted tariffs on eight categories of U.S.-made chips, including central-processing units, starting on April 24. Chinese authorities haven’t removed tariffs on U.S. memory chips, they said.
Many chip products developed by Intel and Texas Instruments are exempt from the tariffs, while some U.S.-made products of memory-chip maker Micron Technologywill continue to be subject to the duties, they said. …”