Author Topic: China Caves On 125% Tariff For Major U.S. Export  (Read 43 times)

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Offline 240B

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China Caves On 125% Tariff For Major U.S. Export
« on: April 29, 2025, 06:04:08 pm »

China Caves On 125% Tariff For Major U.S. Export

Trending Politics News
By Cullen McCue
April 29, 2025



China on Tuesday waived a 125 percent tariff on ethane imports from the United States in a major trade war concession, according to a report from Reuters.

China had initially imposed the tariff as part of its retaliation against President Donald Trump’s tariff strategy, which has largely focused on China. While Trump issued a 90-day pause on most tariffs levied against other trading partners and replaced them with baseline 10 percent duties to allow time for negotiations, tariffs on Chinese goods not only remained, but increased to 125 percent.

The Trump Administration believes Beijing’s decision to wave the ethane tariff is a step in the right direction and suggests that China’s communist government will soon come to the negotiating table.

As of this report, China is responsible for purchasing nearly half of America’s ethane exports each year, according to the U.S. Energy Information Administration. Major Chinese companies that rely on America’s ethane exports include Satellite Chemical, SP Chemicals, Sinopec, Sanjiang Fine Chemical and Wanhua Chemical Group, while the key U.S. exporters are Enterprise Products Partners and Energy Transfer, Fox Business reported.

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https://trendingpoliticsnews.com/new-china-caves-on-125-tariff-for-major-u-s-export-cmc/
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