Taipei, Taiwan – China seems to quietly remove 125% reprisal prices on certain American imports, including semiconductors, according to the media, following the recent signals by President Donald Trump according to which high samples from Chinese products could be reduced.
The United States this month has imposed 145% tariffs on Chinese imports, which prompted China to retaliate with prices reaching 125% on American products-a Tit-For-Tat trade battle that threatens to kill the world economy. The United States has also imposed new prices on most other countries.
Chinese authorities have implemented pricing exemptions for eight types of American semiconductors, excluding memory fleas, CNN reported on Friday.
The diffuser said that importers had received a notification of the modifications when authorization for customs rather than official announcements. He said that companies that have already paid for these prices could be eligible for reimbursements.
In addition, Bloomberg said that Chinese officials are considering pricing exemptions for medical equipment and industrial chemicals such as ethane.
China, the largest producer of plastics in the world, has factories that are based on American ethane, while Chinese hospitals depend on advanced medical equipment such as MRI scanners made by American companies.
In addition, the authorities would have explored the price exemptions for the aircraft rental agreements in order to reduce financial charges on Chinese airlines that rent rather than have their plane.
Radio Free Asia did not independently verify the reports.
China has not commented.
The reports occurred after China said in the United States “to completely cancel all unilateral tariff measures” if Washington wants commercial talks, in some of the strongest comments in Beijing, because the commercial line has increased sharply.
The United States should “find a way to resolve differences by an equal dialogue,” Yadong, a spokesman for the Chinese Ministry of Commerce, said on Thursday.
Beijing also said that there were “no economic and commercial negotiations between China and the United States”, contradicting Trump’s repeated comments that both parties were talking.
Trump said on Tuesday that 145% prices on Chinese products would be reduced. Trump recognized that “145% is very high” at a press conference in the White House.
He suggested that the prices “will drop considerably” through negotiations, but not to zero.
In previous statements, Trump said Washington and Beijing were in talks on prices and expressed their confidence that the two biggest economies in the world would have an agreement over the next three to four weeks. He refused to confirm if he had spoken directly with Chinese President Xi Jinping.
Edited by Mike Firn and Stephen Wright.