China is quietly exempting select U.S.-made goods from its steep 125% tariffs to ease trade tensions while preserving a tough public stance, focusing on sectors like semiconductors and pharmaceuticals.
In contrast, President Trump has defended the 145% U.S. tariffs on Chinese imports, dismissing inflation concerns despite consumer price increases and a steep drop in cargo shipments.
Behind the scenes, the administration is considering phased tariff reductions and has offered some relief to automakers following industry pressure.
Officials also signaled progress on trade deals with other countries, including a near-agreement with India.
