$ETH President Trump has just reaffirmed his tough stance: he will not reduce 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 waiving tariffs on certain imported goods from the U.S. from the exorbitant 125% tariff, a move believed to be aimed at alleviating pressure from the domestic business community.