Bloomberg: China 🇨🇳 is considering temporarily suspending the 125% tariff on certain imported goods from the US 🇺🇸, including medical equipment, industrial chemicals such as ethane, and aircraft leasing contracts, due to the heavy economic impact from the ongoing trade war. This move reflects a similar step taken by the US, which recently exempted certain electronic items imported from China.

These exemptions indicate that China still relies on certain products from the US, such as medical equipment and ethane, a crucial raw material for the plastics manufacturing industry. Discussions are still ongoing, and businesses in the affected sectors have been asked to submit customs codes for the items that need tariff exemptions.