China has removed 125% tariffs on 131 U.S. product categories amid escalating trade tensions that disrupted global markets. The Ministry of Commerce is finalizing the exemption list, urging companies to apply. The decision follows talks with over 80 foreign firms in Beijing on U.S. tariff impacts. Safran confirmed exemptions for aerospace items like engines and landing gear, providing relief to affected businesses.
Tariffs
This move is seen as a strategic effort to stabilize trade relations and mitigate economic fallout from the U.S.-China tariff war. By easing levies on key industries, China aims to maintain its attractiveness to foreign investors while navigating pressures from global supply chain disruptions and domestic market challenges.
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