Good to see that US and China are reviewing tariffs, says AmCham China president ...Middle East

It looks like they're starting to produce lists of exclusions for specific categoriesBut have not yet seen any official announcement or policy on exclusionsSome member companies have said that they have been able to bring in goods without tariffs being levied on them in the past weekChina commerce ministry is one of the organisations reviewing tariffsUS department of commerce has also been soliciting opinions

There's really two ways to look at this. On the one hand, tariff exclusions are a positive development as opposed to a complete standoff in trade. On the other hand, it just means that tariffs in general are going to be more of a mainstay by the look of things. On the latter, it still doesn't mean that trade tensions are going to be resolved any time soon. And it will only be a matter of time before this translates to hard data and eventually economic data. If we've not priced in downside risks to that, there's a danger of a pitfall when the time comes.

This article was written by Justin Low at www.forexlive.com.

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