Stocks in Asia and the US after up after a report in the Wall Street Journal suggested that US President Donald Trump may be ready to lift some or all of the tariffs imposed on Chinese imports.
The US has removed tariffs on over 400 Chinese goods after American firms complained that the levies would cause economic hardship. But trade talks between the world's top two economies remain on a delicate footing.
China's exports to the US were down year-on-year in August. The dive follows July's surprise growth and comes amid a high-pressure campaign by Washington to coerce Beijing into signing a new trade deal.
The introduction of an additional 15% tariff on thousands of goods has ratcheted up the Trump-Xi trade war. Although fresh trade talks will resume later this month, Washington and Beijing continue the tough rhetoric.
President Trump said the US would delay a tariff hike for two weeks, after China announced it would lift some trade restrictions. The mutual concessions may ease tensions ahead of high-level talks early next month.
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