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China Quietly Exempted $40B of US Goods from Tariffs

China has created a list of U.S.-made products that would be exempted from its 125% tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks to ease the impact of its trade war with Washington.

China has already granted tariff exemptions on select products including select pharmaceuticals, microchips and aircraft engines and was asking firms to identify critical goods they need levy-free, Reuters reported on Friday. However, the existence of a so-called ‘whitelist’ had not been previously reported.

The quiet approach allows Beijing, which has repeatedly said it is willing to fight till the end unless the U.S. lifts its 145% tariffs, to maintain its public messaging while privately taking practical steps to provide concessions.

It was not immediately clear how many and which products have been included on the list, which authorities have not shared publicly, the two sources said, declining to be named as the information was not public.
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SunshineGirl · 36-40, F
It is not Beijing's "trade war" . . and be thankful that one side is showing pragmatic restraint.
Kwek00 · 41-45, M
@SunshineGirl
one side is showing pragmatic restraint.

... for it's civilians and citizens.
A socialist country, that isn't willing to tax it's people to the brink of destruction... It's funny that the old "taxation is theft"-crowd is having fun with this. But these people don't get irony at all.
SunshineGirl · 36-40, F
@Kwek00 Not in a thousand years will I manage to get my head around why a well designed progressive income tax is considered to be "theft", while indiscriminate taxes on consumption that cost jobs and make poor people poorer constitute the basis of an enlightened international trade policy 🤷‍♀
MarineBob · 56-60, M
Simple fix end all tariffs
Quimliqer · 70-79, M
Neither side wants to show weakness, it’s just a pissing match!

 
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