The Chinese government has said that the American decision to exempt some consumer electronics from its so-called reciprocal rates is a small step towards rectifying its misdeeds and urged Washington to do more to revoke the samples.
The administration of President Donald Trump excluded smartphones, computers and other electronics from the increase in import rights on Friday, reducing the scope of its 125% tariffs on goods from China and 10% reference on imports from most other countries.
“This is a small step by the United States to correct its unjustified action of unilateral” reciprocal prices “,” said the Ministry of CommercestatementPosted on his official WeChat account on Sunday. The ministry then urged the United States to “do a stride by completely abolishing unjustified action and by returning to the right way to resolve differences by an equal dialogue based on mutual respect”.
TrumpLatest exemptionsCovers nearly $ 390 billion in American imports based on official statistics from the United States 2024, including more than $ 101 billion in China, according to data compiled by Gerard Dipippo, associate director of Rand China Research Center.
Find out more:Apple prepares helmets while looking at the glasses: power
Trump on Saturday refused to develop exemptions beyond published memorandas, but referred to other developments on Monday.
“I will give you this answer on Monday. We will be very specific on Monday,” he told journalists on Air Force One. “We take a lot of money; As a country, we take a lot of money. ”
The White House has also published a corresponding note indicating that exemptions also extend to changes in small shipping tasks. Trump had moved to put an end to the so-called exemption of “minimis”, starting with China, which generally means packages worth $ 800 or less not to face tasks.
The suspension price can be ephemeral. The exclusions arise from the initial order, which has prevented additional rates on certain sectors from stacking cumulatively the rates at the country’s scale. Exclusion is a sign that products could soon be subjected to a different rate, although almost lower for China.
Products that will not be subject to the new Trump prices include the machines used to make semiconductors. It would be important for Manufacture of Taiwan semiconductors Co., who announced a new major investment in the United States, as well as other flea manufacturers.
“All the products that are properly classified in these dispositions listed will be excluded from the reciprocal prices,” said the opinion.
This decision seems to exclude the products from the global reference rate of 10% on other countries, in particular Samsung South Korea house of Electronics Co.
Find out more:Trump floats possible exceptions at 10% basic rate
The suspension price does not extend to a separate Trump sample from China – a 20% right applied to Beijing pressure to suppress fentanyl, including the shipment of precursor materials. Other previously existing samples, including those before the current term of Trump, do not seem to be affected either.
This story was initially presented on Fortune.com
