On Friday, reports emerged that China quietly rolled back tariffs on some US semiconductors, easing pressure on its tech sector, along with certain US pharmaceuticals. Bloomberg reported that Beijing is also weighing tariff relief on medical gear and chemicals.

Meanwhile, Treasury Secretary Scott Bessent suggested a US-South Korea trade deal could happen next week, praising South Korea’s approach. In an interview with Time magazine on Friday, Trump said he expects many trade deals to fall in place over the next three to four weeks.

Read the article.