Trade wars: China slashes tariffs on 850 products – business live
Rolling coverage of the latest economic and financial news, as China gives the world economy a festive gift
- Introduction: Beijing cuts tariffs on hundreds of products
- Pork, avocado, and semiconductors all on list
- China wants to boost imports amid slowing economy
- Will trade war with US end soon?
8.00am GMT
Analysts are welcoming China’s plan to cut tariffs.
It is “another positive step in the US-China trade story”, says David Madden of CMC Markets (who gets a bonus point for not signing off for Christmas yet).
7.31am GMT
Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business.
Christmas has come early, for those looking for a reduction in the trade tensions that have hurt the world economy this year.
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