excalibur
Diamond Member
- Mar 19, 2015
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Winning!
But I think what they mean by 'quietly' is that the MSM, if they all did mention this, didn't play it on a 24-hour loop.
But I think what they mean by 'quietly' is that the MSM, if they all did mention this, didn't play it on a 24-hour loop.
China appears to have quietly rolled back retaliatory tariffs of 125% on some semiconductors made in the US, according to details provided to CNN on Friday by three import agencies in the southern technology hub of Shenzhen, as Beijing tries to soften the blow of an ongoing trade war on its all-important tech industry.
The exemptions apply to integrated circuits, also known as microchips or semiconductors, according to the agencies. They found out about the exemptions, which have not been officially announced, on Thursday.
On April 12, China raised its reciprocal tariffs to 125% for all goods originating from the United States, in response to US President Donald Trump’s move to hike levies on Chinese goods to a sky-high 145%.
For months, Beijing has been projecting an air of strength and confidence in its ability to withstand an escalating trade war with the US. But these exemptions suggest it needs to roll back some levies on crucial items that it cannot make at home or source elsewhere. Besides semiconductors, China has decided to grant exemptions on some aircraft parts, including engines and landing gear, according to an aviation executive.
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The exemptions apply to integrated circuits, also known as microchips or semiconductors, according to the agencies. They found out about the exemptions, which have not been officially announced, on Thursday.
On April 12, China raised its reciprocal tariffs to 125% for all goods originating from the United States, in response to US President Donald Trump’s move to hike levies on Chinese goods to a sky-high 145%.
For months, Beijing has been projecting an air of strength and confidence in its ability to withstand an escalating trade war with the US. But these exemptions suggest it needs to roll back some levies on crucial items that it cannot make at home or source elsewhere. Besides semiconductors, China has decided to grant exemptions on some aircraft parts, including engines and landing gear, according to an aviation executive.
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