Trending Politics Conservative News and Commentary Tariff talks between U.S. and Chinese officials are underway, but already concessions by China are being made, either as a sign of good faith or a tacit acknowledgement that the Trump administration has the communist country over a barrel.
Approximately one-quarter of all U.S. imports to China have been quietly exempted from 125% tariffs, representing $40 billion in American-made goods that will now reach Chinese consumers without the sky-high surtax, according to the latest reports. The move comes as Beijing attempts to soften the blow to its own economy amid an across-the-board 145% tariff rate implemented on Chinese imports by President Donald Trump.
Some of the exempted items include pharmaceutical goods and industrial chemicals.
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