China suspends penalties on more US goods in trade truce

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>China has suspended punitive tariffs on more US goods including radar equipment for aviation amid pressure from President Donald Trump to buy more imports as part of a truce in their trade war&period;<&sol;p>&NewLine;<p>The Ministry of Finance said tariff increases on 79 types of goods including radar sets&comma; disinfectant and rare earths minerals would be suspended for one year starting on May 19&period;<&sol;p>&NewLine;<p>Washington agreed in January to cancel additional tariff hikes and Beijing committed to buy more American farm exports&period;<&sol;p>&NewLine;<p>US officials said China agreed to address complaints about its technology policies&period;<&sol;p>&NewLine;<p>Mr Trump threatened on May 3 to terminate the agreement if China fails to buy more American goods&period;<&sol;p>&NewLine;<p>The US president said earlier that Beijing agreed to buy 200 billion dollars &lpar;£162 billion&rpar; of American farm goods and other exports&period;<&sol;p>&NewLine;<p>China resumed purchases of American soybeans but has yet to confirm the size of its commitment&period;<&sol;p>&NewLine;<p>Mr Trump’s threat rekindled fears in financial markets of more US-Chinese conflict and potential disruption of global trade at a time when economies are reeling from the impact of the coronavirus pandemic&period;<&sol;p>&NewLine;<p>The two sides have raised duties on tens of billions of dollars of each other’s imports in a dispute over China’s technology ambitions and trade surplus&period;<&sol;p>&NewLine;<p>Slumping economic activity due to coronavirus has prompted suggestions China might be unable to carry out commitments to boost imports&period;<&sol;p>&NewLine;<p>Last week&comma; US and Chinese trade negotiators promised to create <i>&OpenCurlyDoubleQuote;favourable conditions”<&sol;i> for carrying out the truce&comma; China’s government announced&period;<&sol;p>&NewLine;<p>The two sides gave no timeline for more talks&period;<&sol;p>&NewLine;<p>Tuesday’s announcement was the third Chinese tariff cut since the January agreement&period;<&sol;p>&NewLine;<p>Beijing announced on February 6 it would reduce duties on 75 billion dollars &lpar;£60 billion&rpar; of US goods&period;<&sol;p>&NewLine;<p>It followed up by rolling back penalties on a list of goods that included medical and industrial machinery&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ec9ebc33736">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; &lbrack;&rsqb;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings&period;push&lpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;divId&colon; 'atatags-dynamic-belowpost-68ec9ebc33736'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;format&colon; 'belowpost'&comma;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; document&period;readyState &equals;&equals;&equals; 'loading' &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;document&period;addEventListener&lpar; 'DOMContentLoaded'&comma; window&period;getAdSnippetCallback &rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub; else &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback&lpar;&rpar;&semi;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&rcub;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<&sol;script>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>


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