China exempts some US imports from extra tariffs – ING

Iris Pang, economist at ING, points out that China's State Council has exempted some tariffs on US goods and the 16 items exempted from the additional  |  11/09/2019 09:06

Iris Pang, economist at ING, points out that China's State Council has exempted some tariffs on US goods and the 16 items exempted from the additional 25% tariffs are mostly lubricants and fodder.

Key Quotes

“China is not the first to offer exemptions during this trade war.”

“The US also exempted 110 imported Chinese products from tariffs back in July. Most of these included medical equipment and parts, which are high-value products.”

“If exemptions are viewed as a form of concession, then the US has given more.”

“The exemption could be seen as a gesture of sincerity towards the US ahead of negotiations in October but is probably more a means of supporting the economy.”

“There are still many uncertainties in the coming trade talks. An exemption list of just 16 items will not change China's stance. We believe that China will stand very firm in the negotiations, which will be similar to the last round of talks.”

“Our house view is that the two countries are unlikely to reach a deal this year.”

Share

Popular News

Show More Popular News

Market Insight's Views

Market Insight analyses will provide both fundamental and technical comprehensions on FX
and other asset classes for Market Insight viewers

RISK WARNING

The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice.

If such information is acted upon by you then this should be solely at your discretion and GKFX will not be held accountable in any way.

  • ForexF
  • IndicesI
  • CommoditiesC
        Back

        Login to Market Insight Account

        Your Market Insight account gives you access to the tools that we offer our customers including our
        Technical Studies & Sentiment for your accounts.

        Forgot Password?

        Don't you have a Market Insight account? With a few easy steps you can easily register to Market Insight

        Create a Market Insight's Account

        Your Market Insight account gives you access to the tools that we offer our customers including our Technical Studies & Sentiment for your accounts.

        register_ty

        Thank you!

        Welcome to Market Insight family!

        You have succesfully completed the registration.
        We will send you an e-mail to give you some
        instructions and our Terms and Conditions!
        Our account representatives will be contacting you as
        soon as possible. If you have any further questions
        please do not hesitate to mail us via info@marketinsight.com