China-US 90-day tariff truce should be extended, Global Times says

BEIJING (Reuters) - The 90-day tariff truce agreed by the United States and China during commercialized talks successful Switzerland past play is excessively short, China's state-backed Global Times said connected Friday, arsenic envoys from the world's 2 biggest economies regrouped successful Korea.

During the Geneva summit, the U.S. agreed to chopped the other tariffs it imposed connected Chinese imports past period to 30% from 145% for the adjacent 3 months, portion China commited to cutting duties connected U.S. imports to 10% from 125%.

"The model for mutually beneficial practice should widen acold beyond a specified 90-day period," said the Global Times, which is owned by the paper of the ruling Communist Party, People's Daily, and has often been archetypal to study China's adjacent steps successful commercialized disagreements implicit the past fewer years.

"Hopefully, the U.S. broadside volition physique connected the outcomes of the caller talks and proceed to conscionable China halfway."

Beijing besides agreed to intermission oregon region the non-tariff countermeasures it has imposed against the U.S. since April 2, though China truthful acold has lone paused its determination to adhd astir 50 U.S. firms to assorted lists restricting their quality to commercialized and invest.

In summation to easing the curbs, China agreed to assistance export countermeasures issued aft April 2, raising prospects for the lifting of restrictions connected uncommon world minerials, which Beijing has not yet clarified its presumption on.

Analysts accidental Beijing is improbable to unreserved to denote however precisely it volition conscionable each of its pledges.

"There is nary constituent successful China clarifying the non-tariff barriers it plans to assistance to springiness itself the flexibility it wants," said Dan Wang, China manager astatine Eurasia Group.

"The tariffs volition apt spell backmost up 90 days and China whitethorn motion immoderate acquisition agreements, but the non-tariff barriers volition beryllium important successful aboriginal talks," she said.

China's commerce ministry did not respond specifically to questions connected what non-tariff barriers it would assistance - alternatively than intermission - during a regular Thursday quality conference.

U.S. Trade Representative Jamieson Greer met Chinese commercialized envoy Li Chenggang connected Thursday connected the sidelines of an Asia-Pacific Economic Cooperation gathering connected South Korea's Jeju Island.

Neither broadside has provided details connected the substance of that meeting.

(Reporting by Joe Cash; editing by Barbara Lewis)