China Quietly Eases Retaliatory Tariffs on Some US-Made Semiconductors, Import Agencies Report

China has quietly rolled back its 125% retaliatory tariffs on certain US-made semiconductors, according to information provided to CNN on Friday by three import agencies in Shenzhen, a major tech hub. This move comes as Beijing seeks to mitigate the impact of the ongoing trade war on its critical tech sector.

The tariff dispute between the world’s two largest economies has intensified, shaking global markets, disrupting supply chains, and fueling recession concerns.