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Trade war

China's tariff waivers seen as token gesture ahead of talks

Beijing signals flexibility but leaves key products like soybeans untouched

China is waiving its additional tariffs on products that domestic companies have trouble sourcing from outside the U.S.

BEIJING -- American investors seemed pleased Wednesday after China said it would exempt 16 products from additional duties on imports from the U.S. in an apparent show of goodwill before trade negotiations resume next month, but experts cautioned that the steps were modest.

The Dow Jones Industrial Average had risen by over 100 points in early afternoon trading following the news. The tariff waivers cover items such as lubricants and chemotherapy drugs.

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