China has announced exemptions for certain US imports, in an effort to ease trade tensions with its long-time rival. The move is part of China’s ongoing attempts to mitigate the impact of a prolonged trade war with the US.
The Chinese government has granted tariff exemptions on specific American products, including some agricultural goods and energy resources. These exemptions are seen as a tentative step towards resolving the escalating trade dispute between the two nations.
China’s decision comes amid growing pressure from Washington to address its trade practices, particularly regarding intellectual property rights and state-backed subsidies. The US has imposed tariffs on billions of dollars’ worth of Chinese exports in response, prompting China to retaliate with its own import restrictions.
The exemptions announced by China are a positive development for American businesses operating in the country, but it remains unclear whether they will be enough to resolve the trade dispute. Further negotiations and agreements will likely be needed to fully address concerns on both sides.
Source: https://www.ft.com/content/b3bfe704-c6b9-4bbd-9525-2144c979d757