China Exempts Key U.S. Goods From Tariffs as Trade Talks Resume
China has begun exempting select U.S. imports from its steep 125% tariffs and is quietly asking domestic firms to identify essential goods they want spared from levies, according to business sources familiar with the matter.
This move is seen as the clearest sign yet that Beijing is looking to dial back trade tensions and soften the blow of the ongoing tariff war.
The development comes on the heels of recent conciliatory signals from Washington, suggesting that both nations may be ready to re-engage after a prolonged freeze in negotiations that rattled global markets and raised recession fears.
Markets React as Beijing Softens Trade Stance
The exemptions, though not yet officially announced by Chinese authorities, have already lifted investor sentiment. The U.S. dollar edged up and equity markets in Hong Kong and Japan saw modest gains following the news.
Business groups believe that the exemption process could eventually include dozens of industries. “As a quid-pro-quo move, it could provide a potential way to de-escalate tensions,” said Alfredo Montufar-Helu, senior adviser at the Conference Board’s China Center. However, he cautioned that neither country wants to be seen as making the first major concession.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
