US-China Tariff Easing: Trump Signals Tariff Cuts, China Retires Additional Tariffs
President Donald Trump has shown signs of reducing tariffs on China, signaling a softer approach. In response, China has already withdrawn or is considering the withdrawal of 125% additional tariffs on some U.S. goods, according to reports from CNN and local Chinese media, cited by Yonhap News.
China has recently lifted tariffs on 8 types of U.S. semiconductors, excluding memory chips.
This move aligns with Trump's gestures toward tariff reductions, signaling potential easing in trade tensions between the two nations.
This development is seen as a positive sign for global trade, with the possibility of improved U.S.-China relations moving forward.
