China Quietly Eases Tariffs on US Semiconductors Amid Trade War
China has rolled back some retaliatory tariffs on US semiconductors, amid ongoing tensions with the US over trade.
Signs of de-escalation in the trade war will cheer investors, after a bruising few weeks since Trump announced his tariffs on trading partners.
China ‘may exempt some US goods’ from tariffs; British retail sales beat forecasts – business live
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Exemptions are a bigger gesture of support, although, by allowing some trade to resume, they also reduce the pain for the U.S. economy and take some pressure off the White House.
China weighs exempting some goods from US tariffs as economic fallout looms
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But these exemptions suggest it needs to roll back some levies on crucial items that it cannot make at home or source elsewhere.
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The outlook of an all-out trade war between the U.S. and China remains a central question for the global economy, but the two sides appear to disagree even about whether talks have begun.
US and China clash over status of trade talks. Here's what to know.
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The announcement came as it became increasingly clear that the White House has made little progress negotiating the promised trade deals that would save the American economy from a self-induced hemorrhage.
China Denies Trump's Claim That They Are Holding 'Daily' Tariff Talks
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There are mounting business and consumer concerns that the taxes will drive up inflation and potentially send the economy into a recession.
China denies suggestion it's in talks with Trump over tariffs
PBS NewsHour·8d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.Trump and Treasury Secretary Scott Bessent this week indicated there might be an easing in tensions with China.
Trump Denies China Claims of No Trade Talks
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The trade war between China and the U.S. has escalated during the past few weeks, with each nation hiking its import duties multiple times in a tit-for-tat.
China says there are no negotiations with the Trump administration over tariffs
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China’s comments come after Trump said Tuesday that the final tariff rate on China’s exports would come down “substantially” from the current 145%.
What tariff negotiations? China says claims ‘groundless’
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The collection of actions focuses on cementing Trump's conservative agenda regarding education in the U.S.
Trump changes tone over tariffs on China. And, new executive actions target education
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The impasse between the U.S. and China is causing growing anxiety as the implications become clearer.
Trump says the U.S. and China are 'actively' discussing tariffs. Beijing says that's false.
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In contrast to Trump’s off-the-cuff remarks and vacillating statements on the possibility of relief from his tariffs, Beijing’s messaging, which has been largely communicated through the Ministry of Commerce and the Ministry of Foreign Affairs, has been tightly controlled and consistent.
China will talk trade, but US will need to make the first move, experts say
Al Jazeera·8d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.Leans LeftThis outlet slightly leans left.China also made it clear that talks should involve the cancellation of all tariffs it currently faces.
China says there are no negotiations with the US over tariffs
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Summary
In a surprising move, China has quietly exempted certain US semiconductors from its 125% retaliatory tariff, revealing this information through import agencies in Shenzhen While President Trump claimed ongoing trade talks, China denied such discussions and reiterated its demand that the U.S. cancels unilateral tariffs before negotiations can begin. These semiconductor exemptions indicate China's struggles in its tech sector during the trade war, as it relies heavily on US imports. Despite these concessions, Beijing remains firm in its stance, highlighting the complexities and ongoing concerns about the trade conflict impacting the global economy.
Perspectives
Chinese officials deny active negotiations with the U.S. over tariffs, stating that any claims of progress are unfounded and calling for discussions to be based on mutual respect and equality.
China insists that the cancellation of U.S. tariffs is a necessary precondition for any trade talks, maintaining a strong and uncompromising stance despite economic pressures from the U.S.
While Trump expresses optimism about possibly reducing tariffs and working together with China, analysts suggest that inconsistent communication from the president undermines the establishment of a stable negotiation environment.
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