On April 25, a list of 131 products eligible for potential tax exemptions began circulating widely across Chinese social media, business networks, and trade organizations. The list includes items like semiconductors, vaccines, medical devices, ethane and other chemical raw materials, as well as advanced technologies such as jet engines. CNN and sources from Shenzhen traders reported that Chinese customs have quietly lifted the 125% punitive tariff on certain U.S. semiconductor products, specifically integrated circuit chips (excluding storage chips) under eight tariff codes. These products now only face a 13% value-added tax. One Shanghai-based company even received notice that it could apply for a refund on tariffs overpaid between April 10 and 24.
Join this channel to get access to perks:
https://www.youtube.com/channel/UCT2kPBcD6tXn8TP_aV7BmgA/join
#chinaobserver
All rights reserved.
⭐You can support us at: https://donorbox.org/china-observer-supporting-independent-news
⭐For business cooperation, please contact us: business@chinaobserver.co