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Trade War Shifts: Beijing Offers Secret Exemptions While Trump Claims China Will ‘Absorb’ Tariff Costs

Published: 04-30-2025, 11:45 am | Updated: 04-30-2025, 10:15 am

According to reports, China has quietly exempted select US goods from its 125% tariffs to ease trade tensions without making public concessions.

Companies in pharmaceuticals and technology sectors are being privately informed of these exemptions, with recent examples including US ethane and semiconductor products.

Meanwhile, President Trump has defended his 145% tariffs on Chinese imports, claiming China will “eat” the costs rather than US consumers. Despite this tough public stance, his administration is reportedly considering phased reductions and reviving trade talks.

The tariffs have already caused a 60% decline in cargo shipments, with experts warning of supply shortages and job losses. Separately, Trump has signed an order providing tariff relief for automakers and parts, following industry warnings about sales impacts and price increases.

Original Source: Yahoo Finance

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