China weighing exemption of some U.S. goods from tariffs, Bloomberg reports
China's government is considering suspending its 125% tariff on some U.S. imports, including medical equipment and industrial chemicals like ethane, Bloomberg reports. Authorities are also discussing waiving the tariff for plane leases, as Chinese carriers pay leasing fees to third-party companies to use some jets. The exemptions China is mulling mirror similar moves on the part of the U.S., which excluded electronics from its 145% tariff on Chinese imports earlier this month. Publicly traded medical device makers include Medtronic (MDT), GE HealthCare (GE), Abbott (ABT), Danaher (DHR), and Intuitive Surgical (ISRG), while public ethane companies include Chevron (CVX), ExxonMobil (XOM), Shell (SHEL), and LyondellBasell (LYB). Public air leasing companies include AerCap (AER) and Avolon (AVOL).
