China is considering the possibility of excluding some US duties from 125% duties and calls for businesses to provide lists of goods that could be eligible. This is the biggest sign that Beijing is worried about the financial impact of the trade war with Washington, Reuters notes. A working group from the Ministry of Commerce collects lists of items that could be excluded from the duties and asks companies to submit their own requests, according to a source he spoke on the condition of anonymity. Caijing’s financial news magazine said Friday, citing sources, that Beijing is preparing to include eight species associated with semiconductors, though not memory chips. A list of 131 categories of products eligible for exceptions was widely circulated on social media and between businesses and commercial groups on Friday. Reuters was unable to verify the list whose species ranged from vaccines […]
Source: News Beast
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