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China has granted pricing exemptions to American imports and plans to raise other tasks, according to the Local Lobby group of American companies, as a possible relief for companies struck by the Donald Trump trade war.
The Chinese Ministry of Commerce examines the sectors affected by the 125% Beijing prices on American products, the American Chamber of Commerce in China said on Friday.
Hart said that health care imports in China were being examined for possible tariff exemptions.
Companies in sectors, including aviation and industrial chemicals, said that some of their products had already obtained a stay, while local media have reported that some semiconductors had been rates spared.
Hart added that the US trade department also examined the impact of tasks on businesses.
“It is good to see that the two parties examine the prices and it seems that they are starting to produce exclusions lists for specific categories,” said Hart.
The Chinese trade ministry has not responded to a request for comments on tariff exemptions. The Ministry of Foreign Affairs said that he did not know any exemption and reiterated that there had not been direct talks with the United States on the reduction of samples.
President Donald Trump already has Chinese products excluded of great value Like smartphones and electronics from its prices up to 145%, although it later said that these exemptions would be temporary.
The 125% Beijing reprisals have struck American agricultural goods and energy.
Hart said ChinaThe Ministry of Commerce had met representatives of the Chamber and its member companies to determine the benefits of Tit-For-Tat prices.
“Our member companies reported that even during last week, they had some imported shipments that did not have prices taken from them,” he said.
“So, I think that for the critical sectors, we may be able to assume that this is already in place, but I do not think that it is a specific policy. I think at the moment, it's more a single-off.”
French aerospace engine maker Safran also said on Friday that China had given import rate exemptions. The chief executive officer, Olivier Andriès, said during a profit call that “China has decided to exempt deliveries from engines, nacelles, landing or parts”.
Hart has also identified pharmaceutical products and medical devices as potentially vulnerable industries, given their high import levels.
If the prices remained in place at the current levels, he said: “It would be difficult to imagine that we will not see some companies close and leave”.
The efforts of the two parties to mitigate the worst effects of an imminent trade war comes as Trump insisted – despite Chinese denials – that Negotiations are underway And the samples will soon be reduced.
The Chinese trade ministry called Washington on Thursday to “Cancel all unilateral tariff measures“If he wanted to start commercial talks.
Economists have warned that bilateral trade in certain sectors may stop, with the current level of prices Make imports non -viable For many Chinese companies.
Chinese President Xi Jinping said on Friday that Beijing had to “fully prepare for emergency plans” to stimulate the economy at a political party meeting on Friday.
XI has called on the government to increase support for businesses, speed up efforts to stimulate consumption and resolve a slowdown of several years in the real estate sector more quickly.
Officials should “coordinate internal economic work and international economic and commercial struggles,” he said.
Additional report by Ian Johnston in Paris
