China is reportedly considering suspending its 125% tariffs on a range of US imports, reflecting rising concern over how the ongoing trade war is hurting key Chinese industries.

Axar.az, citing Business-Standard, informs that according to a Bloomberg report, sectors like medical equipment and industrial chemicals — including ethane, crucial for plastic production — are under review for tariff relief.

The Chinese government is also weighing a removal of tariffs on aircraft leasing payments, which have become a major burden for domestic airlines. Without relief, leasing aircraft may soon become unsustainable for some carriers.

In a significant shift, Beijing is planning to lift tariffs on at least eight types of semiconductors, though memory chips — such as those made by US firm Micron — may remain excluded. Authorities have asked businesses to submit lists of US goods they want exempted, but no final list has been announced yet.

Meanwhile, the US has recently exempted items like smartphones, laptops, memory chips, and display panels from its steep 145% tariff on Chinese electronics.

Despite hints at softening stances, China's Foreign Ministry denies formal talks are underway, even as President Trump claims daily contact with Beijing. While both sides express openness to negotiation, meaningful progress in trade talks remains elusive.