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US, China swap tariff concessions ahead of fresh talks

Jeff Mason and Yawen Chen
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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.

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Reuters

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    Original URL: https://www.afr.com/world/north-america/us-agrees-to-delay-tariff-hike-on-some-chinese-goods-20190912-p52qjn