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China offers US seafood businesses relief from trade war

Experts are warning the ongoing trade war could trigger a recession.

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On Wednesday China announced it would exempt 16 American-made products from retaliatory tariffs -- including fishmeal and shrimp and prawn seedlings -- in an effort to lessen the effect on US companies caught in Trump's trade war web.

But the gesture, which Beijing said was designed to ease the dispute’s impact on American companies, does not offer relief from tariffs on the big-ticket agricultural products such as soybeans and corn that are causing the most hurt in the United States, the Washington Post reports.

The products would be exempted for a year starting Sept. 17. The ministry said it would announce more exemptions in coming weeks, according to the news site.

China exempted the products ahead of an October meeting scheduled between Trump and the Chinese government.

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