China caves on 125% tariff for major US export after White House predicts Beijing can't keep up
1. China lifted a 125% tariff on U.S. ethane imports. 2. Ethane accounts for half of U.S. exports to China. 3. Global firms, including U.S. exporters, may benefit from tariff removal. 4. Treasury Representative suggests tariffs pressure China significantly. 5. Trade deals with India and Asia anticipated to improve relationships.