China considers exempting some goods from US tariffs, source says

(Reuters) -China is considering exempting some U.S. imports from its 125% tariffs and is asking businesses to provide lists of goods that could be eligible in the biggest sign yet that Beijing is worried about the economic fallout from its trade war with Washington. A Ministry of Commerce taskforce is collecting lists of items that could be exempted from tariffs and is asking companies to submit their own requests, according to a source who spoke on condition of anonymity. Financial news magazine Caijing reported on Friday citing sources that Beijing was preparing to include eight semiconductor-related items, although no memory chips.