US, China grant trade concessions ahead of fresh talks


Beijing's exemptions and Washington's delay came days ahead of a planned meeting aimed at defusing a trade war between the world's two largest economies.

WASHINGTON/BEIJING: US President Donald Trump on Wednesday welcomed China's decision to exempt some US anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods.

Beijing's exemptions and Washington's delay came days ahead of a planned meeting aimed at defusing a trade war between the world's two largest economies.

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