This relaxation is a win for China. It is estimated that the exemptions cover somewhere between 15% and 25% of China's exports to the US.
In yet another policy turnaround, US President Donald Trump announced in the second week of April a retroactive exemption for select electronic imports entering the US.
China investors cheered this as a partial cooling of the US-China trade war, but it also perhaps represents an acknowledgement of the US's dependence on China imports. China's share of US imports when it comes to key electronic goods such as personal computer monitors, smartphones and laptops is overwhelming, and finding alternative suppliers for these goods in the short term would have proven very difficult.
