WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Wednesday welcomed China’s choice to exempt some U.S. anti-cancer medicine and different items from its tariffs and introduced a brief delay to scheduled tariff hikes on billions value of Chinese language items.

Inventory markets in Asia rose on the information in early Thursday commerce, because the concessions got here days forward of a deliberate assembly geared toward defusing the escalating commerce struggle between the world’s two largest economies.

China’s choice to exempt some U.S. items was a “massive transfer” by Beijing and a optimistic gesture earlier than commerce negotiators from each nations meet in Washington, Trump instructed…

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