FX.co ★ China Mulls Tariff Exemptions on U.S. Goods Amid Trade Disputes

China is reportedly contemplating exemptions for certain U.S. goods from its hefty 125% import tariffs, according to Bloomberg News on Friday. This consideration comes as Beijing assesses the economic impact of the ongoing trade conflict. The list of items under evaluation includes medical equipment, industrial chemicals such as ethane, and aircraft leases. These potential adjustments would mirror similar actions by the U.S., which has exempted electronics from its own substantial 145% tariffs on Chinese imports, driven by cost concerns. Although the U.S. imports more from China than China does from the U.S., Beijing's prospective exemptions highlight its reliance on specific American goods. It should be noted, however, that according to Bloomberg, discussions are still underway and may not result in concrete measures. The tariff standoff intensified earlier this month after President Trump introduced new tariffs aimed at reducing the U.S. trade deficit.