China creates list of US-made goods exempt from 125pc tariffs

SHANGHAI, Apr 30 (Reuters): China has created a list of US-made products that would be exempted from its 125 per cent tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks to ease the impact of its trade war with Washington.
China has already granted tariff exemptions on select products including select pharmaceuticals, microchips and aircraft engines and was asking firms to identify critical goods they need levy-free, Reuters reported on Friday. However, the existence of a so-called 'whitelist' had not been previously reported.
The quiet approach allows Beijing, which has repeatedly said it is willing to fight till the end unless the US lifts its 145 per cent tariffs, to maintain its public messaging while privately taking practical steps to provide concessions.