China has granted exemptions on certain U.S. imports from its hefty 125% tariffs, marking a clear sign that Beijing is increasingly concerned about the economic consequences of its ongoing trade war with Washington. Businesses have been asked to identify goods eligible for the exemptions, a move that could ease some tensions in the global trade landscape. This shift reflects growing worries in China about the broader economic fallout and may signal a potential thaw in trade relations.
China Eases Tariffs on U.S. Imports, Signaling Concerns Over Economic Impact of Trade War
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