China welcomes partial U.S. tariff rollback but calls it only a ‘small step’ | Forexlive

China’s Ministry of Commerce responded on Sunday to the Trump administration’s move to exempt certain high-tech products—such as smartphones and computers—from steep reciprocal tariffs, calling it a limited but positive gesture.

The ministry said the exemption “represents a small step by the U.S. in correcting its erroneous unilateral approach,” referring to President Trump’s earlier imposition of tariffs as high as 145% on Chinese goods.

Beijing’s remarks suggest that while it acknowledges the move, it views the rollback as insufficient in addressing broader trade tensions.