China Quietly Eases Tariffs on US Semiconductors Amid Trade War
China has rolled back some retaliatory tariffs on US semiconductors, amid ongoing tensions with the US over trade.
China says there are no negotiations with the US over tariffs
Associated Press
Summary
In a surprising move, China has quietly exempted certain US semiconductors from its 125% retaliatory tariff, revealing this information through import agencies in Shenzhen While President Trump claimed ongoing trade talks, China denied such discussions and reiterated its demand that the U.S. cancels unilateral tariffs before negotiations can begin. These semiconductor exemptions indicate China's struggles in its tech sector during the trade war, as it relies heavily on US imports. Despite these concessions, Beijing remains firm in its stance, highlighting the complexities and ongoing concerns about the trade conflict impacting the global economy.
Sources (23)
- Trump's recent statements indicating a willingness to reduce tariffs have caused uncertainty, as he announced plans to reimpose tariffs previously paused, leading to skepticism from China regarding future negotiations.
- Chinese experts view Trump's inconsistent communication as a reflection of domestic pressures and believe China is in a position of strength, choosing to wait for a more favorable bargaining power before engaging in talks.
- China's current refusal to negotiate unless all tariffs are lifted showcases their firm stance against what they see as America's aggressive trade tactics.
The Guardian·1M· "…Signs of de-escalation in the trade war will cheer investors, after a bruising few weeks since Trump announced his tariffs on trading partners."
CNN·1M· "…But these exemptions suggest it needs to roll back some levies on crucial items that it cannot make at home or source elsewhere."
The Guardian·1M· No analysis available for this article
Rolling Stone·1M· "…The announcement came as it became increasingly clear that the White House has made little progress negotiating the promised trade deals that would save the American economy from a self-induced hemorrhage."
PBS NewsHour·1M· "…There are mounting business and consumer concerns that the taxes will drive up inflation and potentially send the economy into a recession."
The Guardian·1M· "…Trump's most recent pronouncement leaves importers and exporters unclear whether by the end of the next month they will be paying Trump’s new baseline 10% tariff, the tariff that was set on 9 April, or an entirely new figure."
Al Jazeera·1M· "…In contrast to Trump’s off-the-cuff remarks and vacillating statements on the possibility of relief from his tariffs, Beijing’s messaging, which has been largely communicated through the Ministry of Commerce and the Ministry of Foreign Affairs, has been tightly controlled and consistent."
CNN·1M· "…Chinese experts who advise the government see Trump’s rhetorical climbdown as caving in to US domestic pressure and an attempt to placate the markets."
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