Experts applaud United States tariff exclusions

Sound policy: An employee looks at steel rolls at a factory in Nantong in the eastern Jiangsu province. China says reinstating tariff exclusions on its goods will help the US deal with rising inflationary pressure. — AFP

SHANGHAI: The United States decision to reinstate certain “Section 301” tariff exclusions for Chinese product categories sends a positive signal for benign interactions in bilateral economic and trade relations, which will help stabilise expectations for global supply and industrial chains, experts say.

They said reinstating tariff exclusions on Chinese goods will help the US deal with rising inflationary pressure, reduce costs within global supply chains and benefit enterprises and consumers from both sides.