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US President Donald Trump, left, and China's President Xi Jinping

Video Duration 24 minutes 01 seconds play-arrow24:01

Trump’s tariffs: Short-term damage or long-term ruin?

  • US President Donald Trump says no one is “getting off the hook” after his administration appeared to reduce pressure on China by issuing a notice exempting certain high-tech products from tariffs.
  • It comes after China called on the United States to “completely cancel” the tariffs, describing the exemptions as a “small step” in correcting the “wrong practice” of imposing 145 percent tariffs on Chinese goods.