Trump has previously accused Beijing of backsliding on promises to increase purchases of United States farm goods and has offered billions in aid to farms badly damaged in the trade war.
Chinese trade negotiators at the minister level are expected to convene in Washington in mid-September, with more talks scheduled for early next month to be attended China's Vice Premier Liu He and Yi Gang, the governor of the People's Bank of China.
"If we can get the right deal, we'll do a deal".More news: Trump administration to revoke water protection rule
Trump's financial miscalculations have a long history if we consider his mistakes regarding his casino empire, which resulted in white elephants that left him with massive debt. CNN quoted analyst Artur Baluszynski as saying, "Chinese tariffs that really matter are the ones on us agricultural and manufacturing goods, produced mainly in states with strong support for Donald Trump".
Asian stocks rose on Thursday, while China's yuan currency was also up 0.27 percent in offshore trade, as investors hoped for a thaw in U.S.
"The fact of the matter is China, not the very deficit, they're stealing our intellectual property, they're violating the World Trade Organization, they're dumping steel on us", former Vice President Joe Biden said. Exact dates for the meetings have not been released.
Chen Huaisheng, an expert at the China Chamber of International Commerce's legal services department, said the measure will support the development of relevant companies and boost their confidence.
The gestures appear meant to reduce tensions ahead of the October negotiations over trade and technology.More news: Ring Fit Adventure is the Nintendo Switch’s new fitness experience
The slight reprieve may be little comfort to American businesses that have had to struggle with trade uncertainties. However, economists say a final agreement is unlikely this year. "An exemption list of just 16 items will not change China's stance", she said.
It would seem that Trump is simply ignoring the warnings from banks, rating agencies and economists of the dire consequences for the United States economy of an escalating trade war with China.
"Beijing is prepared for a continuation of tariffs and hostile rhetoric through 2020".
Meanwhile, China is considering whether to permit renewed imports of American farm goods including soybeans and pork, according to people familiar with the situation, potentially taking some pressure off USA states with large numbers of Trump supporters.
Trump said earlier in the week that the trade dispute has put significant economic pressure on China, with many companies shifting its production out of the country.More news: Oil rises as new Saudi minister commits to output cuts