Tensions between China and the US over tariffs have shifted as China contemplates exempting certain American goods from tariffs. This potential development comes after the recent plunge in shipping traffic from China, which has raised concerns about the impact of tariffs on the global economy.

The move to exempt some US goods from tariffs is seen as a potential olive branch in the ongoing trade war between the two economic powerhouses. The decision could have significant implications for various industries, including tech giants like Apple, who have been feeling the heat of the trade war.

Experts warn that while this development may provide temporary relief for some sectors, the underlying issues between the US and China remain unresolved. The uncertainty surrounding trade policy continues to weigh on stock markets and the economy at large.

As both countries navigate the complex web of tariffs and trade relations, the world watches closely to see how this latest development will unfold and whether it will pave the way for a more sustainable trade relationship between China and the US.