China exempts 16 types of U.S. goods from additional tariffs

Traders work on the floor at the New York Stock Exchange Sept 9 2019

Traders work on the floor at the New York Stock Exchange Sept 9 2019

"These adjustments signal that China is more willing to make progress in the October trade talks, likely toward striking a "narrow" agreement that involves China buying more United States goods in exchange for the United States suspending further tariff hikes", Barclays analysts said in a research note.

American businesses are increasingly pessimistic about their prospects in China as the USA trade war rumbles on, with growing numbers of companies expecting their revenues and investment in the local market to shrink, a survey said on Wednesday.

Both sides imposed fresh tit-for-tat tariffs on September 1 in the latest round of levies, which now cover goods worth hundreds of billions of dollars.

Beijing has exempted 16 types of US-made goods from additional tariffs that were introduced as a retaliatory measure after Washington raised duties on a number of Chinese products.

Wednesday's lists do not include big-ticket items such as soybeans and pork.

Other product categories which will become exempt from tariffs include alfalfa pellets, fish feed, medical linear accelerators and mould release agents.

The exemptions will apply to US goods including some anti-cancer drugs and lubricants, as well as the animal feed ingredients whey and fish meal, the Ministry of Finance said in a statement on its website on Wednesday.

Trade negotiators have said they will meet in Washington in early October, raising hopes that fresh negotiations could help ease tensions between the world's two biggest economies.

"American companies continue to do well in China, but the trade conflict now shadows many businesses", said Eric Zheng, chairman of the trade association.

China's economic growth came in at 6.2 percent in the second quarter, the lowest rate in almost three decades.

Notícias recomendadas

  • Ex-Raiders linebacker Neiron Ball dies at 27 with rare brain condition

    Ex-Raiders linebacker Neiron Ball dies at 27 with rare brain condition

    The Florida Gators football program and loved ones are mourning the loss of linebacker Neiron Ball . "He will be missed dearly". Before his sophomore year, doctors discovered a brain bleed and he had emergency surgery, causing him to miss the 2011 season.
    NJ man arrested for doing donuts on Trump's Bedminster golf course

    NJ man arrested for doing donuts on Trump's Bedminster golf course

    Two weeks ago, McEwan was arrested in Rhode Island for allegedly breaking into pop superstar Taylor Swift's beach home. He was released pending a future court date, prosecutors said.
    Porsche 911 Carrera 4 Arrives As The Four-Season Sports Car

    Porsche 911 Carrera 4 Arrives As The Four-Season Sports Car

    The clutch and differential unit is now water-cooled and has reinforced clutches to increase durability and load capacity. Another performance option is the Porsche Torque Vectoring system that's standard on the Carrera S and 4S models.
  • Lili Reinhart Finally Defined Her And Cole Sprouse's Relationship Status

    Lili Reinhart Finally Defined Her And Cole Sprouse's Relationship Status

    At one point during the interview, which was conducted on Friday, the Riverdale star opened up about her plans for Halloween. She shared, "Now that I'm X amount of years in, I do appreciate the privacy we have, that he's encouraged me to take".
    Apple Shows Off Three New iPhones, TV+, Apple Watch

    Apple Shows Off Three New iPhones, TV+, Apple Watch

    With this feature, the watch face is always visible, rather than requiring the user to raise his or her wrist. Pre-orders for all three iPhone 11 models open Friday, and will be available from 20th September.
    European shares inch up on solid German information, stimulation hopes

    European shares inch up on solid German information, stimulation hopes

    The climb in yields also weighed on the real estate sector .SPLRCR , which suffered its biggest percentage drop in almost a month. And climbing bond yields helped lift European banking stocks 1.8%, making financials the best performing sector on the continent.
  • Brad Smith reveals Taylor Swift had bad blood with Microsoft’s Taybot

    Brad Smith reveals Taylor Swift had bad blood with Microsoft’s Taybot

    The Chinese version of the chat bot is called XiaoIce and was created to have conversations on social media with people. Listen to Newsbeat live at 12:45 and 17:45 weekdays - or listen back here.

    Google Pixel 4 October 15 launch date leaked: What to expect

    What remains now is only a good look at the phone's features, especially the motion-sensing gestures and the dual camera. The smartphone might come with a triple rear camera setup including a 12MP, 16MP, and an unknown sensor.

    Apple debuts iPhone 11 Pro with triple camera setup

    Apple is entering the video streaming race, taking on Netflix, Amazon, Disney and others with a monthly subscription of $4.99. Apple also invited Watch users to volunteer for three new health studies, though data collected will remain anonymous.
  • Ashton Kutcher blames Adele for his mustache

    Ashton Kutcher blames Adele for his mustache

    Kutcher and his wife, Mila Kunis , are pals with the Hello hitmaker and were invited to celebrate her 31st birthday back in May. But Kutcher braved the lights, only to see his toe pointing the opposite way it's supposed to.
    Javi Gracia was surprised with dismissal from Watford

    Javi Gracia was surprised with dismissal from Watford

    And finally, I want to thank the fans for supporting me the way they did from Day One, until my last. It was said he had lost some of his drive and was struggling to get the best out of the players.
    Apple's new streaming service targets Netflix, Amazon Prime

    Apple's new streaming service targets Netflix, Amazon Prime

    A "must-have" Apple Pencil integrated to work with the iPad touch screen can be used as a controller for creation or productivity. Along with the iPhone Pro and and Pro Max, Apple just officially announced a more budget-friendly 2019 device - the iPhone 11 .

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.