China’s Ministry of Commerce responded on Sunday to the Trump administration’s move to exempt certain high-tech products—such as smartphones and computers—from steep reciprocal tariffs, calling it a limited but positive gesture.
The ministry said the exemption “represents a small step by the U.S. in correcting its erroneous unilateral approach,” referring to President Trump’s earlier imposition of tariffs as high as 145% on Chinese goods.
Beijing’s remarks suggest that while it acknowledges the move, it views the rollback as insufficient in addressing broader trade tensions.
This article was written by Eamonn Sheridan at www.forexlive.com.