China Exempts Tariffs on $40B Worth of US Goods
Amid the growing concerns over a brewing trade war with the US, China has exempted its reciprocal tariffs on around $40 billion worth of US goods. The list of exemptions will cover around a quarter of imports from the United States, according to a Bloomberg report. The decision was made to lessen the impact of the ongoing trade war on the Chinese economy. Moreover, a list has surfaced showing that more than 130 items, including US imports from the pharmaceutical and industrial chemicals industry, will be exempted from the import duty increase. JUST IN: China quietly exempts tariffs on $40 billion worth of US goods, Bloomberg reports. pic.twitter.com/OWldSua56z — Watcher.Guru (@WatcherGuru) May 2, 2025 Also Read: China Evaluates US Talks as 125% Tariff Clock Ticks Down China Exempts a Quarter of US Imports From Reciprocal Tariffs Since the United States unveiled sweeping 10% tariffs on all nations, tensions have begun to rise. Specifically, there have been concerns that both the US and...