China draws up list of U.S.-made goods exempt from 125% tariffs, sources say [Video]

China has created a list of U.S.-made products that would be exempted from its 125 per cent tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks to ease the impact of its trade war with Washington.

China has already granted tariff exemptions on select products, including select pharmaceuticals, microchips and aircraft engines, and was asking firms to identify critical goods they need levy-free, Reuters reported last week. However, the existence of a “whitelist” had not been previously reported.

The quiet approach allows Beijing, which has repeatedly said it is willing to fight until the end unless the U.S. lifts its 145 per cent tariffs, to maintain its public messaging while privately taking practical steps to provide concessions.

It was not immediately clear how many and which products have been included on the list, which authorities have not shared publicly, the …