United States President Donald Trump has said that no one is “getting off the hook” on trade after his administration appeared to dial down pressure on China by issuing a notice exempting certain high-tech products from his “reciprocal” tariffs. Trump said he would announce new tariffs on semiconductors over the next week. Trump’s latest comments appeared to pour cold water on hopes of a de-escalation in tensions between the world’s two largest economies. The White House has said that Trump remains optimistic about securing a trade deal with China.

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