The United States will exempt 110 Chinese products from high tariffs. Some American companies are relieved.

category:Finance
 The United States will exempt 110 Chinese products from high tariffs. Some American companies are relieved.


Screenshots of Reuters reports

The report mentions that the United States has imposed 25% tariffs on 34 billion Chinese imports since July 6, 2018. The smaller exemption list released by the Trump government on Tuesday (9) will take effect from that date for one year.

Medtronic Plc, the worlds largest manufacturer of medical equipment, was exempted from one of the 12 exemption applications approved by the U.S. Trade Representative Office for the treatment of liver tumors, the report said. Medtronic claims that parts with higher R&D investment are not manufactured in China.

A tantalum capacitor from Palo Alto Networks Inc. is also exempted from tariffs. Reported that this electronic component is used to control the current in network firewall devices.

In addition, some radiotherapy equipment from Varian Medical Systems Inc. has been exempted from tariffs. The company had previously said that tariffs would only hurt them, because there were no good alternatives to them and would put them at a disadvantage in their competition with European competitors.

Global Network reporters noted that on July 10, the website of the Ministry of Commerce of China also forwarded reports about the United States will exempt 110 kinds of medical equipment and electronic components from high tariffs on Chinese imports.

Transmitting screenshots of relevant reports on the website of the Ministry of Commerce of China

The United States will exempt 110 kinds of medical equipment and electronic components from high tariffs on Chinese imports.

On July 6, 2018, in the first battle of the bilateral trade war, the United States imposed a 25% tariff on Chinese imports worth $34 billion. The trade war has disrupted global supply chains, costing billions of dollars. The relatively small list of exemptions released today can be traced back to the date of implementation and will take effect for a year from Tuesday.