China is not uniformly imposing its new 125% across-the-board tariff on American goods.
Certain imports from the U.S. are coming in tariff-free. Beijing’s new policy has not been announced and is not official, according to Reuters and the Financial Times.
China is exempting some pharmaceutical and aircraft component companies, making their products tariff-free.
Although 131 categories of products are said to be under consideration for tariff exemptions, according to Reuters, China has not yet communicated publicly on any exemptions.
The Gatestone Institute suggests that the regime simply cannot admit that it is not able to stand up to Washington. Xi Jinping has staked the Communist Party’s legitimacy on his claim that China has already surpassed America.
At 07h00 on 24 April, about a dozen Chinese officials were seen entering the U.S. Treasury’s main building in Washington. Chinese security officials attempted to prevent photographers from recording the entry.
The tariff waivers underscore the fact that Beijing needs access to the American market far more than Americans need the Chinese market, and that the United States makes vital products that China doesn’t make, and won’t for years, according to Alan Tonelson of RealityChek.
Beijing has ordered its airlines not to take delivery of Boeing aircraft, which Boeing has flown back to the U.S. This includes three 737-Max aircraft that were about to be delivered.
Due to the long order backlogs at both Boeing and Airbus, in practical terms this means almost no cost to Boeing. If Trump were to order Boeing not to deliver parts or provide services to Chinese airlines, China would soon have to ground a large number of its airliners.