China says US tariff break a ‘small step’ to fixing mistake

Quick Summary:

Trump’s latest exemptions cover almost $390 billion in US imports based on official US 2024 trade statistics, including more than $101 billion from China.

The products that won’t be subject to Trump’s new tariffs include machines used to make semiconductors.

The exclusions stem from the initial order, which prevented extra tariffs on certain sectors from stacking cumulatively on top of the country-wide rates.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: United StatesChina

Topics: Tariffs and trade Donald Trump

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-13 @ 15:09:21 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 4 lines

Sentence Length: 117 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27843072

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Official Website: fortune.com

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