{"id":86076,"date":"2025-05-05T00:00:00","date_gmt":"2025-05-05T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2025\/05\/05\/china-exempts-usd-40-bn-worth-of-us-imports-from-tariffs\/"},"modified":"2025-05-05T00:00:00","modified_gmt":"2025-05-05T00:00:00","slug":"china-exempts-usd-40-bn-worth-of-us-imports-from-tariffs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2025\/05\/05\/china-exempts-usd-40-bn-worth-of-us-imports-from-tariffs\/","title":{"rendered":"China exempts USD 40 bn worth of US imports from tariffs"},"content":{"rendered":"

China has quietly exempted about a quarter of US imports from tariffs to ease the impact of the trade war on its economy<\/strong>, <\/strong>Bloomberg<\/a> reported last Friday. The list of 131 exempt items is worth about USD 40 bn \u2014 almost 24% of Chinese imports from the US in 2024. The list is not officially confirmed, but sources familiar with the matter report that multiple companies in China have imported goods on the list tariff-free, which includes pharma and industrial chemicals such as Ethane. <\/p>\n

The rationale: <\/strong>The move could be seen as a de-escalation step mirroring the US\u2019 temporary<\/a>exemption<\/a> on electronics last month. Others believe the move is more about China\u2019s economy. \u201cChina is likely trying to mitigate damage to its economy by avoiding a collapse in key imports\u2026the exemptions shouldn\u2019t be interpreted as a signal to the US, as China has been quiet about its exemptions, working through business channels and avoiding public statements,\u201d associate director of the RAND China Research Center Gerard DiPippo said. <\/p>\n

\n

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German<\/strong> shipping giant Hapag-Lloyd saw its revenues rise to USD 5.3 bn (EUR 5.1 bn) in 1Q 2025<\/strong>, a 15.2% y-o-y increase, based on our own calculations, according to preliminary financial results (pdf)<\/a> released last week. On the operational front, Hapag-Lloyd saw a 9% y-o-y boost in its transport volumes to 3.3 mn TEUs and a 9% increase in average freight rate to USD 1.5k per TEU during the same time period. <\/p>\n

Geopolitics + trade uncertainty cast their shadow for 2025: <\/strong>The firm predicts lower performance across 2025, citing \u201cmany uncertainties\u201d in the market environment, CEO Rolf Habben Jansen said. \u201cVolatile development of freight rates and major geopolitical challenges,\u201d such as turmoil in the Red Sea route and the ensuing global trade war were cited as the main drivers for this uncertainty. <\/p>\n

\n

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Freight<\/strong> forwarding giant DHL posted a 6.2% y-o-y increase in its consolidated net income to EUR 786 mn in 1Q 2025<\/strong>, according to its financial results (pdf)<\/a> released last week. The firm\u2019s topline also increased 2.8% y-o-y to reach EUR 20.8 bn. The boost in DHL\u2019s earnings comes on the heels of its cost and yield management as they \u201ccontinue to invest in high-growth business areas while working on structurally improving our efficiency,\u201d CEO DHL Group Tobias Meyer said in a press release (pdf)<\/a> released last week. <\/p>\n","protected":false},"excerpt":{"rendered":"

PLUS: Hapag-Lloyd, DHL post 1Q 2025 earnings<\/p>\n","protected":false},"author":1,"featured_media":86077,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[149],"tags":[148,248,230,223,32],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-86076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-china","tag-dhl","tag-hapag-lloyd-2","tag-trade","wpautop","entry"],"acf":{"mongo_id":"598e9b83-c288-4037-962d-0ef25c7f194e","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/3\/392.jpg","photo_position":"above","homepage_title":"","full_issue_title":"China exempts USD 40 bn worth of US imports from tariffs","related_issue":[86056],"teaser":"PLUS: Hapag-Lloyd, DHL post 1Q 2025 earnings","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.e098378e-141b-43fb-806f-1fd1d42d1568.mp3"},"yoast_head":"\nChina exempts USD 40 bn worth of US imports from tariffs - 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