China and U.S. Tariff Talks: The Latest Developments

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China-Evaluates-US-Proposal: Tariff Negotiations Update

On May 2nd, China announced it is evaluating a proposal from the United States regarding tariff negotiations. Amid ongoing trade tensions, Chinese officials emphasize that discussions hinge on U.S. actions and the elimination of tariffs for global market stability. With the U.S. imposing punitive tariffs up to 145% on Chinese goods and China retaliating with 125% tariffs on U.S. imports, supply chains are strained. However, high-end tech items like smartphones, semiconductors, and computers are now exempt from U.S. tariffs, providing temporary relief. President Trump is optimistic about a deal, but China's Ministry of Commerce stresses the need for U.S. sincerity and significant concessions for successful dialogue.

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