China quietly exempted around $40B worth of US goods from its tariffs as of May 2. While it probably isn’t a gesture of good will, it does reveal a crack in the tariff war with China. Meanwhile, the Chinese Commerce Ministry has opened the door to possible trade talks.
China quietly exempted US goods
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. USNews
China needs many things from the US that it cannot get elsewhere, ethane being just one of them. Their tariffs aren’t the only problem: their theft of intellectual property, their spying on Americans, their currency manipulation on the world market, it all adds up to them being extremely dangerous with which to make a deal. But if anyone can do it, President Trump can.
China EXEMPTS A Quarter of US Imports From Tariffs
Winning! Don’t expect the dying legacy media to report on this. China quietly exempts US goods from tariffs, covering around $40 billion worth of imports, in an effort to soften the blow of the trade war on its own economy.… pic.twitter.com/2qGpSlqzbH
— 🇺🇸 Pamela Geller 🇮🇱 (@PamelaGeller) May 2, 2025
Will this presidential election be the most important in American history?
China quietly exempted the products in order to save face – but will it lead to a great deal?
*****
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