In a move indicating a possible easing of trade tensions, China has reportedly started to exempt some U.S. imports from high tariffs and is proactively seeking feedback from companies on other key items they want excluded from them.
What Happened: Companies in China say that they have been approached by officials to identify U.S. goods that are essential and difficult to replace, reported Reuters.
Some pharmaceutical imports and aerospace parts like engines and landing gear have reportedly already been excluded from the 125% tariffs. American Chamber of Commerce in China President Michael Hart confirmed that multiple member firms, …