President Donald Trump declares Monday, April 2, 2025, to be 'Liberation Day' (Video screenshot)

President Donald Trump declares Monday, April 2, 2025, to be 'Liberation Day' (Video screenshot)
President Donald Trump declares Monday, April 2, 2025, to be ‘Liberation Day’

President Donald Trump has been waging a war of tariffs for weeks now.

He’s trying to balance the international trade scene, where for years American companies have been subjected to high tariffs to get their products into foreign countries, while manufacturers in those countries essentially have an open door to American consumers.

Trump announced a long list of high tariffs for other countries, and as was his plan, they are now coming by the dozens to seek trade deals with America that would reduce those, possibly even reaching equality those for U.S. producers.

One of the most belligerent respondents to Trump’s campaign was China, which announced tariffs of more than 100% for American products when Trump did the same for Chinese goods.

But that standoff may be crumbling.

A report from Fox Business explains that China expert, and Gatestone Institute senior fellow, Gordon Chang, has delivered his assessment of the fight.

He believes there’s now a “win” for Trump and China is now “caving” on the issue, as China apparently has been creating exemptions for its tariffs for some U.S. goods.

Trump has confirmed he’s talked with China several times, but he wasn’t ready to deliver details.

Chang concluded, “China is doing this, but it’s not announcing it. It’s just not imposing the tariffs on aviation products, industrial chemicals, and semiconductors. It’s sort of like the Chinese way of doing it,” Chang explained during an interview on Varney & Co.

Trump, responding to questions on the issue, said, “I don’t want to comment on that, but I’ve spoken to him many times. I’ll let you know at the appropriate time. Let’s see if we can make a deal.”

Fox noted that China said it was not negotiating with the U.S. on trade, but a later published report confirmed China’s Ministry of Commerce taskforce was working on a list of items to be exempted from tariffs.

The report added, “Chang predicts the tariff back-and-forth between China and Trump’s America ‘can go on for a very long time.’” But he said Xi Jinping has put himself in a box.

“And I believe that if he comes to a deal with the U.S., he’s got to explain that to the Chinese people. That’s going to be very difficult for him. You can’t say, ‘Well, I’m now dealing with the U.S.,’ because that would be undercutting everything that he has said to his own people for years,” he said.