China May Exempt Some US Goods From Tariffs as Costs Rise [Yahoo! Finance Canada]
GE HealthCare Technologies Inc. (GEHC)
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Source: Yahoo! Finance Canada
Most Read from Bloomberg China's government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries. Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the people said, asking not to be identified discussing private deliberations. Officials are also discussing waiving the tariff for plane leases, the people said. Like many airlines, Chinese carriers don't own all of their aircraft and pay leasing fees to third-party companies to use some jets — payments that would have become financially ruinous with the additional tariff. The possibility of some goods being exempted boosted investor optimism, as shares in Asia rose and the yuan erased losses. “It's another step toward a de-escalation of the trade war,” Kok Hoong Wong, head of institutional equities sales trading at Maybank
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