China has exempted tariffs on approximately $40 billion worth of US goods, covering around 24% of its total imports from the US in 2024. This move aims to mitigate the impact of the ongoing trade war on China's economy.
*Exempted Goods Include*:
- *Pharmaceuticals*: Critical medicines and treatments
- *Industrial Chemicals*: Essential for various manufacturing processes
- *Microchips*: Vital components for technology and electronics
- *Aircraft Parts*: Supporting aviation and aerospace industries
- *Ethane*: Used in ethane crackers for petrochemical production
The exemptions apply to 131 products, reflecting China's strategic effort to shield its economy while keeping the door open for potential trade negotiations with the US. This development comes as China signals willingness to resume trade talks, although it remains prepared to respond firmly if provoked further.#BinanceHODLerSTO #DigitalAssetBill #SaylorBTCPurchase #BTCRebound #StablecoinPayments $BTC