Businesses are reeling from the effects of the trade spat between the US and China, and there’s still no certainty the conflict is going to end any time soon.
However, there have been signs of progress. Both the US and China said this week they would delay tariffs on some products set to take effect in the coming months.
China announced a short-list of products would be temporarily exempt from upcoming tariffs, while President Trump reportedly said an increase in duties on Chinese exports would be delayed two weeks until October 15. Both moves were seen as an effort to cool down trade tensions between the countries ahead of scheduled talks.
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