China has set a list of US -exempted customs products by 125%, and companies with this policy are secretly notified, as part of Beijing’s endeavor to alleviate its commercial war with Washington, Reuters quoted two sources that they described as the beginning.
Reuters said last Friday that China has already granted customs domiciles on selected products, including selected drugs, precise chips and aircraft engines, and asked companies to identify basic commodities that need to be exempt from fees, however it was not previously announced that there is a “white list”.
This calm approach to Beijing – which has repeatedly confirmed its willingness to fight until the end, unless the United States raises its customs duties by 145% – to maintain its public message while taking practical steps secretly to make concessions.
It was not immediately clear the number of products listed on the list, which the authorities did not announce, according to the two exporters who refused to reveal their identity due to the lack of information in the information, according to Reuters.
https://www.youtube.com/watch?v=ta0cwe20oam
Special communications
Instead, the authorities are making private contacts with companies, and informing them of the presence of a list of product classification that will be exempt from customs duties, according to one of the sources who works for an American -made pharmaceutical company in China.
The source added that the government of Shanghai Bodong contacted the company on Monday on the list, and that the company had previously sought to obtain exemptions from customs duties due to its dependence on American technologies in some of its products.
“We still have several techniques that we need from the United States,” the source said.
Another source said that some companies were asked to communicate with the authorities in particular to inquire whether their imported products are eligible for exemption.
It seems that the list of exempt products is increasing, as China has gave up customs duties on ethane imports from the United States, and the largest ethane manufacturing companies have already sought customs duties from Beijing, because the United States is the only resource.
US President Donald Trump said on Tuesday that he believed that a trade agreement with China is looming on the horizon, adding, “But it will be a fair agreement.”
Impact measurement
Two other sources said that China is also conducting companies ’opinion polls to measure the impact of the customs war war.
A well -informed source said that at a recent meeting, the authorities in East China requested a foreign commercial pressure group “to communicate on all critical situations caused by customs duties to assess specific cases.”
https://www.youtube.com/watch?v=qx1phljxten
The source declined to mention the name of the city in which the authorities held the meeting because it was not public.
Government officials in Xiamen – a city located in the southeast of Fujian County and include a major port and electronics manufacturing base – a survey on Sunday to companies to assess the effects of customs duties, according to an informed source.
The source added that the poll was sent to textile companies and semiconductor companies and included questions about the products that these companies trade with the United States, and the expected impact of American and Chinese customs duties on their business.
