Beijing is easing retaliatory tariffs on chip and semiconductor imports from America, according to the South China Morning Post (SCMP) — potentially a good sign for the global chip trade.
Several industry sources shared the news with Chinese business publication Caijing, saying that eight tariff codes related to integrated circuits are exempted from the 125% tariffs it levied on U.S. goods in response to President Trump’s 145% import duty on imports from China. This does not include memory chips, however, which Chinese companies manufacture within their borders. Chinese customs also told companies that have paid import duties for the exempted goods between April 10 and 24 that they’re eligible to apply for refunds.
