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China Eases Tariffs on US Semiconductors

  • China has quietly rolled back 125% tariffs on some US-made semiconductors, according to import agencies in Shenzhen.
  • The exemptions apply to integrated circuits, crucial for tech industries, but have not been officially announced by Chinese authorities.
  • This move follows China's April 12 tariff hike in response to US tariff increases on Chinese goods.
  • The rollback suggests China's need to access essential tech components it can't produce domestically.
  • Chinese tech companies confirm 8 tariff codes related to semiconductors are now exempt, as reported by Caijing.

Source: Cnn, Forexlive

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7mo ago
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