China and US Talking Tarrifs/Trade/Fentenal dispite lamestream talking points.
So, despite all the legacy media's claims that 'no' talks were under way, WSJ reports that Chinese leader Xi Jinping’s security czar, Wang Xiaohong, in recent days has been inquiring about what the Trump team wants China to do when it comes to fentanyl.
[]In a visible shift in tone Friday, China’s Commerce Ministry said it was weighing starting talks with the U.S. to halt a trade war while expressing Beijing’s wish for the Trump administration to “show sincerity” to talk. Previously, the ministry had demanded that Washington slash its steep tariffs on China first as a condition for negotiations.
China has quietly started to exempt some US goods from tariffs that likely cover around $40 billion worth of imports (or around 24% of Chinese imports from the US in 2024), in what looks like an effort to soften the blow of the trade war on its own economy.
“China is likely trying to mitigate damage to its economy by avoiding a collapse in key imports,” DiPippo said.[]
“The exemptions shouldn’t be interpreted as a signal to the US, as China has been quiet about its exemptions, working through business channels and avoiding public statements.”[]
[]In a visible shift in tone Friday, China’s Commerce Ministry said it was weighing starting talks with the U.S. to halt a trade war while expressing Beijing’s wish for the Trump administration to “show sincerity” to talk. Previously, the ministry had demanded that Washington slash its steep tariffs on China first as a condition for negotiations.
China has quietly started to exempt some US goods from tariffs that likely cover around $40 billion worth of imports (or around 24% of Chinese imports from the US in 2024), in what looks like an effort to soften the blow of the trade war on its own economy.
“China is likely trying to mitigate damage to its economy by avoiding a collapse in key imports,” DiPippo said.[]
“The exemptions shouldn’t be interpreted as a signal to the US, as China has been quiet about its exemptions, working through business channels and avoiding public statements.”[]
