US, China swap tariff concessions ahead of fresh talks
Washington/Beijing | US President Donald Trump on Thursday (AEST) welcomed China's decision to exempt some US anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods.
Stock markets in Asia rose on the news in Thursday trade, as the concessions came days ahead of a planned meeting aimed at defusing the escalating trade war between the world's two largest economies.
Reuters
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In North America
Fetching latest articles