The United States postpones the introduction of additional import duties on a variety of products from China until December. In addition, the two economic superpowers will again talk to each other over the telephone in the coming weeks. The latter was decided during a call between Chinese Deputy Prime Minister Liu He and US Finance Minister Steven Mnuchin.

Liu and other Chinese policy makers who attended the telephone conversation fiercely opposed the import duties. To address this, the United States decided to postpone additional import duties of 10 percent on a series of Chinese goods until December 15.

The list of products to which this applies includes “mobile phones, laptops, video game consoles, computer monitors and certain categories of toys, clothing and shoes”. The US authorities later publish a complete list of goods for which the levies have been postponed.

Earlier this month, President Donald Trump burst into the hope of a quick comparison in the trade war. He announced additional import duties of 10 percent on 300 billion dollars of Chinese products, putting an end to the ceasefire agreement between the two countries. Part of those taxes will take effect next month.

After the announcement, Trump lashed out once again in China, which he said did not deliver on promises about the massive purchase of American agricultural goods. “So far they have not done what they said. Maybe it will be different now,” he wrote on Twitter.

At the stock exchanges, there is an enthusiastic response to the postponement of certain levies. In the meantime, the US Dow-Jones index and S&P 500 both scored 1.6 percent in the plus in New York.

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