After a trade war during the first Trump administration, China had been preparing for another in a second term and has not moved to rush into negotiations after being hit with tariffs.

China is weighing a rollback of its harsh 125% retaliatory tariffs on select US imports, signaling a potential cooling in trade tensions. According to sources close to the matter, the exemptions could include essential products like medical equipment,

China has exempted some U.S. imports from its 125% tariffs and is asking firms to identify critical goods they need levy-free, according to businesses notified, in the clearest sign yet of Beijing's concerns about the trade war's economic fallout.