Reported about 16 hours ago
The ongoing tariff tension between the US and China shows signs of easing, as China reportedly reduces tariffs on select US semiconductors and pharmaceuticals. While President Trump claims he spoke with President Xi Jinping, the Chinese government denied any negotiations are happening, prompting further confusion. Trump has indicated he may eliminate some tariffs if substantial concessions are received from China, but the mixed messages continue to create uncertainty over the future of trade relations. Meanwhile, developments such as potential trade deals with South Korea and further exemptions for certain products reflect the complex landscape of international tariffs.
Source: YAHOO