Trump delays China tariffs in 'goodwill' gesture. More here:
WASHINGTON/BEIJING - U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods.
“They made a couple of moves ... that were pretty good,” Trump said at an unrelated event on vaping. “I think it was a gesture, okay? But it was a big move.” The gestures may ease tensions ahead of the negotiations, but some analysts don’t see it as a signal that both sides are readying a deal. Beijing has said it would work on exempting some U.S. products from tariffs if they are not easily substituted from elsewhere. The United States is by far China’s largest supplier of whey, which is an important ingredient in piglet feed and difficult to source in large volumes from elsewhere.
The items on the two tariff exemption lists - posted on the ministry’s website - will not be subject to additional duties imposed by China on U.S. goods “as countermeasures to U.S. Section 301 measures,” the ministry said in its statement.
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