China Exempts Tariff Hikes on 16 US Import Items

In what could be a positive development in the US-China trade war, China has exempted 16 kinds of US imports from more tariffs. This decision was announced by China’s Ministry of Finance earlier today.

US imports exempted from additional tariffs include whey, fish meal, lubricants, anti-cancer drugs, and more. The exemption is valid from September 17, 2019 for a period of one year. On its announcement, the ministry has also added that these items will not be subject to retaliatory tariffs that were imposed after the US announced the latest round of tariffs a few weeks ago.

This announcement has helped the risk sentiment improve considerably as financial markets take this as a sign that China is willing to work together with the US towards resolving their differences in issues of trade.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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