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China has quietly reduced retaliatory tariffs on certain US-made semiconductors, according to three import agencies in Shenzhen who shared the information with CNN on Friday. The 125% tariffs, part of the ongoing trade conflict, appear to have been eased as Beijing looks to protect its crucial tech industry from further damage. The prolonged tariff dispute between the world's two largest economies has unsettled global markets, strained supply chains, and raised concerns about a possible recession.
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