The Chinese government is considering excluding some basic products from Antipinos 125 percent invoices for US goods, said the head of an American business team in China.
Chinese Ministry officials had stimulated operations in China to identify imports from the United States, which are vital to supply chains and vulnerable to China’s new trade barriers, said Michael Hart, President of the US.
“There are some companies that have said that if a long -term tariff war continues, their business model would not work in China and see them come out,” Mr Hart said. “We shared this with the Chinese government because of course they are trying to promote foreign foreign investment.”
Drugs and other healthcare products were one of the clearer areas of concern, Mr Hart said.
Markets in Asia and Europe increased on Friday, as investors were looking for signs that commercial tensions between the world’s two largest economies began to facilitate.
Commercial tensions are a major challenge for China’s economic growth, which is powered by exports. President Trump increased the invoices this month to 145 % for more than half of China’s exports to the United States.
Some factories in southern China have already suspended businesses since the beginning of this month, raising concerns about whether unemployment could grow in China.
Chinese officials responded not only to the imposition of extraordinary invoices on US imports, but also with the encouragement of consumers to buy products manufactured in China.
But there are some goods that China does not do. China depends on foreign companies for advanced computer brands and many in the country’s technological industry hope that semiconductors will escape invoices.
There have also been indications that China can be upgraded to invoices to semiconductors in the United States. Earlier this month, a state -supported trade club in China said that a significant portion of advanced chips would be exempt from China invoices if they were done outside the United States, even if they were sold to China by a US company.
Many advanced brands are designed by US companies such as Nvidia, Qualcomm and AMD, but are manufactured in Taiwan. Guidance said that for the purposes of invoices, China would not consider such brands as they come from the United States.
The reports have been released on Chinese media and Chinese social media this week that Beijing has decided not to set invoices on certain products associated with semiconductors in the United States. The Chinese government has not announced such a policy.
On Thursday, a logistics company and storage in Shenzhen told social media that it had been notified that eight types of United States -related chip products would be exempt from additional invoices. A company spokesman, when he arrived by phone on Friday, was unable to confirm the reports.
Caijing, a Chinese business magazine, published a report on the exceptions on Friday morning. The report was removed within a few hours.
Guo Jiakun, a spokesman for the Chinese Foreign Ministry, said he was not familiar with the situation when he was requested in news information on Friday if China is thinking of returning some invoices to US products.
“At the moment we are in a state of unintentional consequences,” Mr Hart said. “The United States and China are both doing the same exercise where they begin to understand that there may have been some unintentional consequences for business and supply chains and I think we both see exceptions.”
Siyi zhao and Joy dong He contributed research.
