China drops tariffs on US semiconductors, weighs more exemptions as countries attempt to navigate trade war: reports
1. China has exempted certain US semiconductors from tariffs. 2. Additional exemptions for medical equipment and industrial chemicals are under consideration. 3. News prompted a surge in Asian markets and currency stabilization. 4. US-China trade tensions may be easing, with proactive steps from both governments. 5. Semiconductor exemptions resemble recent US actions, benefiting companies like Apple and Nvidia.