Why this matters. China Exempts Quarter of U.S. Imports from Tariffs. What isn't being reported is that those 25% will have no tariffs at all.
So, they went from 125% to zero.
Josh Caplan on X: "BBG: China Quietly Exempts About a Quarter of U.S. Imports from Tariffs https://t.co/cQYCBwdIhP" / X