Monday 23 September 2019
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business-standard - 12 days ago

Trump praises China s tariff exemptions as trade talks approach

US President Donald Trump on Wednesday welcomed an apparent olive branch from Beijing in the grinding trade war between the two nations, which came weeks before negotiations are due to resume. Beijing announced it was temporarily exempting some US exports from tariff increases, a gesture that lifted equities markets long buffeted by the ups and downs in the conflict now entering its second year. It was a big move, Trump told reporters at the White House. He reiterated that Beijing was under pressure to strike a bargain as its economy weakens, which he attributed to US actions. Top negotiators expect to reconvene in Washington early next month after an acrimonious summer in which trade relations deteriorated sharply and both governments announced waves of new tariffs in a stand-off that is dragging on the global economy. However, the goods exempted do not include high-profile agricultural items like soybeans and pork that could be crucial to the ultimate success of any agreement. The


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