trade negotiators: China on Wednesday announced its first batch of tariff exemptions for 16 types of U.S. products, including some anti-cancer drugs and lubricants, as well as animal feed ingredients whey and fish meal, according to a Ministry of Finance statement on its website, according to The Japan Times. They made a couple of moves that were pretty good, Trump said at an unrelated event on vaping. Stock markets in Asia rose on the news on Thursday, with the Nikkei stock average ending at a four-month high as the concessions came days ahead of a planned meeting aimed at defusing the escalating trade war between the world's two largest economies. ; China's decision to exempt some U.S. goods was a big move by Beijing and a positive gesture before trade negotiators from both countries meet in Washington, Trump told reporters at the White House. I think it was a gesture, okay But it was a big move. The tariffs were set to increase to 30 percent from 25 percent on the goods. On Wednesday, Trump wrote in a post on Twitter that the United States had agreed to delay increasing tariffs on 250 billion worth of Chinese imports from Oct. 1 to Oct. 15 as a gesture of good will.
(news.financializer.com). As
reported in the news.
Tagged under trade negotiators, nikkei stock topics.