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Business

China may exempt ethane and LPG from hefty tariffs, Goldman

China, the world’s dominant plastics producer, could exempt imports of petrochemical feedstocks ethane and liquefied petroleum gas from tariffs should talks with the US prove positive, Goldman Sachs Group Inc. said. While President Donald Trump said this week that his administration was talking with China on trade, Beijing has denied the existence of negotiations on…

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China weighs exempting some US goods from tariffs as costs

China’s government is considering suspending its 125% tariff on some US imports, people familiar with the matter said, as the economic costs of the tit-for-tat trade war weigh heavily on certain industries.  Authorities are considering removing the additional levies for medical equipment and some industrial chemicals like ethane, the people said, asking not to be…

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