China appears to have quietly rolled back retaliatory tariffs of 125% on some semiconductors made in the United States, according to details provided to CNN on Friday by three import agencies in the southern technology hub of Shenzhen.

Gatestone Institute senior fellow Gordon Chang joins ‘Fox Report’ to break down China’s move to waive tariffs on certain U.S. goods and analyze the broader implications of the ongoing trade battle with the Trump administration.

Beijing has been canvassing companies and waiving duties on American goods in sectors where it lacks alternatives.

U.S. President Donald Trump asserted in an interview published Friday that tariff negotiations were underway with China, but Beijing denied any talks were taking place, the latest in a series of conflicting signals over what progress was being made to de-escalate a trade war threatening to sap global growth.