China exempts 16 U.S. products from new tariffs

China on Wednesday announced exemptions for 16 U.S. products from new tariffs in its trade war with the Trump administration.

American industrial grease and a few other raw materials for farmers and factories will no longer face the new levies, but the tariffs will remain for soybeans and other major U.S. exports.

Analysts said the move could be seen as a sign of good faith ahead of fresh trade negotiations set for next month, or an effort to soften the impact of the trade dispute on China’s economy.

U.S. stock index futures, which have fluctuated according to trade news in recent weeks, were mixed early Wednesday, with those of the Dow Jones Industrial Average edging higher while those of the S&P 500 and the Nasdaq were little changed.

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