China tacitly reduces tariffs to US necklaces

China tacitly reduces tariffs to US necklaces

china apparently withdrawn the retaliation tariffs of 125 % to some semiconductors made in the USA. This emerges from information that CNN was transmitted on Friday by three importing centers in the Southw Chinese technology center Shenzhen.

effects on semiconductors and microprocessors

The exceptions concern integrated circuits, which are also known as microprocessors or semiconductors. The authorities discovered the unofficial exceptions on Thursday evening. On April 12, China had increased its counter-tariffs to 125 % for all goods from the United States, in response to the decision of US President Donald Trump to increase the tariffs to Chinese goods to dizzying 145 %.

China's strategy in the trade conflict

For months, Beijing has projected a picture of strength and confidence in the ability to endure an escalating trade war with the United States. However, these exceptions indicate that China has to withdraw some tariffs to important products that it cannot produce in their own country or can procure it elsewhere.

Missing official confirmations

The Chinese authorities have not yet publicly confirmed the exceptions. The General Administration of Customs as well as the customs authorities in Shenzhen and Zongshan, two port cities in the province of Guangdong, stated not to know anything about the exceptions. CNN asked the ministries for trade and foreign matters of China for a comment.

important information from the industry

chen Shaoling, a manager at Zhengnenliang Supply Chain, an import agency, reported CNN that on Thursday that the tariffs were reduced to zero in eight types of integrated circuits that cover most semiconductor except memory chips. This discovery was made for your customers during a routine customs clearance.

reactions from Shenzhen

"We only learned that we submitted the explanation - without this step we would not have known it," said Chen. "The news is now spreading like a running fire." The local customs authority in Shenzhen already seems to have informed some companies about the change. “Fantastic messages! We have received a new message from the Chinese customs authorities, which says that eight customs codes that affect semiconductors or integrated circuits are now freed from additional tariffs to imports from the USA,” Shenzhen Hjet Supply Chain wrote in a post on their official social media account on Thursday.

confirmations by importing companies

"This means that imports from the United States are duty -free among these codes under these codes," added the contribution. An employee of the company who called CNN confirmed the new politics and said that their company had been informed by the local customs authorities on Thursday. Taihang Semiconductor, also based in Shenzhen and specialized in the import of chips, said CNN that it received a message from the customs authorities but did not want to provide any further details. "This is definitely a good thing," said an employee in a conversation with CNN.

reporting and withdrawal of information

Caijing, a Chinese business magazine, reported on Friday about the exceptions and called several technology companies that import semiconductors, including one based in Shanghai. The report was removed about three hours after the publication.

This story has been updated with additional information. The CNN office in Beijing contributed to reporting.