After months of repeated escalation, the United States and China look no closer to hammering out a meaningful trade deal. But for now, at least, tensions look to be easing, not escalating.
London Happy Wednesday. A version of this story first appeared in CNN Business' Before the Bell newsletter. Not a subscriber? You can sign up right here.
On Wednesday, Beijing said it had waived import tariffs on more than a dozen US goods — the first such exemptions since the trade fight began. They'll kick in on September 17, as US and Chinese officials prepare to resume face-to-face talks in Washington.Investor insight: The announcement could encourage those who have recently unwound positions in safe haven assets such as the yen, which has weakened back to July levels after hitting 2019 highs in August.
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