China Quietly Caves To Trump, Exempts Tariffs

The US and Chinese officials are currently continuing their tariff discussions, but China has already made concessions, either as a sign of good faith or as a tacit admission that the Trump administration has the communist nation in its sights.

According to the most recent sources, around one-quarter of all US imports to China have been surreptitiously spared from 125% tariffs, amounting to $40 billion in American-made items that will now reach Chinese customers without the exorbitant surtax.

The decision comes as Beijing seeks to cushion the damage to its economy from President Donald Trump’s across-the-board 145% tariff on Chinese goods.

Pharmaceuticals and industrial chemicals are among the exempted products.

moar: https://truthpress.com/news/china-quietly-caves-to-trump-exempts-tariffs/