China considers rolling back 125% tariff on key US imports amid trade war

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China considers rolling back 125% tariff on key US imports amid trade war - Business Standard

Quick Summary:

The potential tariff cuts would focus on key sectors, such as medical equipment and industrial chemicals like ethane, which is used in plastic production.

The proposed exemptions reflect growing concerns over the toll that the prolonged trade war is taking on critical Chinese industries.

The possible tariff reductions in China highlight the country’s need for US goods in some important sectors.