The Chinese government is contemplating the exclusion of certain critical American products from its substantial 125 percent tariffs, as indicated by Michael Hart, president of the American Chamber of Commerce in China. This consideration follows surveys conducted by China's commerce ministry to identify vital imports threatened by new trade barriers. Hart expressed concern over the potential exit of companies if the tariff situation persists, particularly highlighting the impact on essential goods like lifesaving drugs. Additionally, markets in Asia and Europe reacted positively to hints of easing tensions between the U.S. and China, critical for China's export-driven economy.
Michael Hart, president of the American Chamber of Commerce in China, emphasized the importance of certain American imports for Chinese supply chains, indicating potential tariff exemptions.
Hart warned that prolonged tariffs could force some companies to exit China, diminishing foreign direct investment and hurting the Chinese economy.
The Chinese government is reportedly considering exempting crucial American products from a 125 percent tariff in a bid to protect key supply chains.
Markets reacted positively to speculation of easing trade tensions between China and the U.S., with Asian and European stocks rising.
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