#TariffsPause China is considering suspending 125% tariffs on some U.S. imports as the economic costs of a retaliatory trade war weigh heavily on some industries.
Authorities are considering eliminating surcharges on medical equipment and some industrial chemicals such as ethane, as well as on aircraft leasing.
It is noted that the authorities are still discussing the list of categories, which may still change.
On April 2, US President Donald Trump signed an executive order introducing "reciprocal" duties on imports from other countries. Their base rate is 10%, and for 57 countries, increased rates were applied on April 9, which were calculated based on the US trade deficit with a specific country: so that there would be a balance instead of a deficit. However, already on April 9, the American leader announced that more than 75 countries did not take retaliatory measures and requested negotiations, so for 90 days, basic import duties of 10% will be in effect for everyone except China.
After a series of steps in the trade war, the additional "reciprocal" US tariff on Chinese goods reached 125%, and China's retaliatory tariff on American goods is also 125%. In addition, the United States has another 20% tariff on China, introduced in connection with accusations of insufficient combat against synthetic drugs.
