China Eases Tariffs on US Imports Amid Trade War Tensions
In a notable shift in trade relations, China is reportedly waiving tariffs on certain US goods, including ethane and semiconductors, as part of a broader effort to alleviate economic strain amid ongoing trade tensions. Sources indicate that China has compiled a list of US-made products exempt from its punitive tariffs, originally set at 125%. This move, described as a possible thaw in the tariff war, comes as analysts suggest that both countries may be looking to reduce tariffs this year to mitigate the negative impacts of the protracted trade conflict. The easing of tariffs is seen not only as a strategic response to rising costs but also as a signal of potential concessions in the broader negotiations between the two economic powers.
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