Trump tariffs

China tariff news 'refreshing'

China halving tariffs on some US goods is seen by some analysts as a de-escalation of the trade war, but also as a move by Beijing to boost confidence amid a coronavirus outbreak.

"Any move to de-escalate is always good. Especially, when the market is overwhelmed by the news about virus, good news about tariffs is refreshing," said Tommy Xie, head of greater China research at OCBC Bank in Singapore.

"The announcement shows China's commitment to implement the phase one trade deal despite the disruptions from the recent virus outbreak," Mr Xie said.