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Anonymous Coward 5/2/2025 1:38 pm GMT	China Quietly Walks Back A Quarter Of US Import Tariffs Amid Economic Crunch China has quietly started to exempt some US goods from tariffs that likely cover around $40 billion worth of imports (or around 24% of Chinese imports from the US in 2024), in what looks like an effort to soften the blow of the trade war on its own economy. “China is likely trying to mitigate damage to its economy by avoiding a collapse in key imports,” DiPippo said. “The exemptions shouldn’t be interpreted as a signal to the US, as China has been quiet about its exemptions, working through business channels and avoiding public statements.” While this move mirrors the shift by the Trump administration - exempting smartphones and other electronics from its own “reciprocal” tariffs, including the 145% levies on China (those US exemptions apply to about $102 billion, or roughly 22% of US imports from China last year) - we suspect there is more behind this decision. As we highlighted just a week ago, China's already fragile economy faced a serious crisis from the tariff-driven cuts to supply of US ethane and the potential for that to force mass plastics factory closures. "The situation is dire for China’s ethane crackers as they have no alternative to US supply,” said Manish Sejwal, an analyst at Rystad Energy AS, using an industry term for such facilities. "Unless they are granted tariff exemptions, they may have to stop production or close shop." Well guess what just happened... buried deep among the 131 items is, you guessed it - industrial chemicals (which likely includes US Ethane supplies). https://www.funwithfascists.com/geopolitical/china-quietly-walks-back-quarter-us-import-tariffs-amid-economic-crunch
Anonymous Coward 5/2/2025 7:07 pm GMT	RE: China Quietly Walks Back A Quarter Of US Import Tariffs Amid Economic Crunch how dare they bow to trumpo

Anonymous Coward

5/2/2025 1:38 pm GMT

China Quietly Walks Back A Quarter Of US Import Tariffs Amid Economic Crunch

China has quietly started to exempt some US goods from tariffs that likely cover around $40 billion worth of imports (or around 24% of Chinese imports from the US in 2024), in what looks like an effort to soften the blow of the trade war on its own economy.

“China is likely trying to mitigate damage to its economy by avoiding a collapse in key imports,” DiPippo said.

“The exemptions shouldn’t be interpreted as a signal to the US, as China has been quiet about its exemptions, working through business channels and avoiding public statements.”

While this move mirrors the shift by the Trump administration - exempting smartphones and other electronics from its own “reciprocal” tariffs, including the 145% levies on China (those US exemptions apply to about $102 billion, or roughly 22% of US imports from China last year) - we suspect there is more behind this decision.

As we highlighted just a week ago, China's already fragile economy faced a serious crisis from the tariff-driven cuts to supply of US ethane and the potential for that to force mass plastics factory closures.

"The situation is dire for China’s ethane crackers as they have no alternative to US supply,” said Manish Sejwal, an analyst at Rystad Energy AS, using an industry term for such facilities.

"Unless they are granted tariff exemptions, they may have to stop production or close shop."

Well guess what just happened... buried deep among the 131 items is, you guessed it - industrial chemicals (which likely includes US Ethane supplies).

https://www.funwithfascists.com/geopolitical/china-quietly-walks-back-quarter-us-import-tariffs-amid-economic-crunch