#TariffsPause

President Trump has just reaffirmed his tough stance: he will not lower taxes on Chinese goods unless he receives "concessions beneficial to the United States." However, it is noteworthy that China is taking a softer approach. According to Reuters, Beijing is exempting some imported goods from the U.S. from the exorbitant 125% tariff, a move believed to be aimed at reducing pressure from the domestic business community.