China May Exempt Some US Goods From Tariffs

China is world's largest plastics manufacturer but some of its factories depend on ethane, mainly imported from US

- 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.