China is weighing the suspension of its 125 per cent tariff on select US imports, according to a Bloomberg report citing people familiar with the matter. The proposed exemptions reflect growing concerns over the toll that the prolonged trade war is taking on critical Chinese industries. The potential tariff cuts would focus on key sectors, such as medical equipment and industrial chemicals like ethane, which is used in plastic production. China is also considering removing tariffs on aircraft leasing payments, a significant cost for domestic airlines.