Despite the tough rhetoric flying between Washington and Beijing, the impact of such elevated tariffs on some industries is prompting both governments to consider concessions to protect their own economies.

China has granted some exemptions on U.S. imports from its 125% tariffs and is asking businesses to identify goods that could be eligible in the clearest sign yet that Beijing is worried about the economic fallout from its trade war with Washington,

Beijing continues to be willing to endure economic hardship to put pressure on the U.S., even as the Trump administration hints at a more conciliatory approach.