Hope grows that China will ease tariffs imposed on US goods due to the economic fallout from ongoing trade tensions. The Chinese government reportedly is considering suspending a 125% tariff on select imports, including medical equipment, ethane, and aircraft leasing fees. Talks between US and Chinese officials have been ongoing, as President Trump confirmed that discussions aimed at resolving the trade dispute are taking place. China is actively seeking input from businesses about which products could be exempted from these tariffs, indicating a shift in strategy amidst economic pressures.
"China is considering suspending its 125% tariff on some US imports including medical equipment, ethane and plane leasing, sources say."
"Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the people said, asking not to be identified discussing private deliberations."
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