#TariffPause
US and China tariff tensions continue to dominate the focus, with signs of deescalation mounting even as President Trump sent mixed signals on the state of relations.
On Friday, reports emerged that China quietly rolled back tariffs on some US semiconductors, easing pressure on its tech sector, along with certain US pharmaceuticals. Bloomberg reported that Beijing is also weighing tariff relief on medical gear and chemicals
The developments came as China has struck a publicly defiant tone and Trump sowed confusion by claiming that he had spoken with Chinese President which Beijing denied.
"China and the US are NOT having any consultation or negotiation on #tariffs. The US should stop creating confusion," the Chinese Embassy in Washington wrote on social media.
Trump added to the mixed messages later Friday when he said that he would drop tariffs on China unless Beijing gives the US something "substantial" in return.