- Tag results for US tariffs
Xi, who has voiced his support for private firms multiple times this year, made several policy suggestions, including lowering corporate taxes and resolving funding challenges faced by companies.
The cut will enable banks in China to release 1.2 trillion-yuan cash for additional lending.
US Defence Secretary Jim Mattis too was due to visit but it was cancelled which China said was at the behest of Washington.
US tariffs on USD 200 billion worth of Chinese goods and retaliatory taxes by Beijing on USD 60 billion worth of US products including liquefied natural gas kicked in on Monday.
Chinese products hit with new U.S. duties include vacuum cleaners to internet-connected devices, while U.S. goods targeted by Beijing include liquefied natural gas and certain types of aircraft.
The global lender is still assessing the impact of the duties imposed so far but the economic costs 'will quickly add up,' IMF spokesman Gerry Rice told reporters.
Trade differences between India and the United States have risen since President Donald Trump took office, but India's decision to further delay comes as the two countries negotiate to remove friction
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.15 per cent in early trade but Japan's Nikkei bucked the trend to gain 0.4 per cent.
Trump on Monday imposed 10 per cent tariffs on about $200 billion worth of Chinese imports and threatened to levy duties on about $267 billion of additional Chinese goods if Beijing retaliates.
The dollar rose against a basket of major currencies overseas, with investors cautiously awaiting news on the implementation of US tariffs on an additional USD 200 billion of Chinese imports.
The Washington Post and Wall Street Journal said US President Trump had decided to impose 10 percent levies on USD 200 billion of Chinese imports and could make an announcement in the coming days.
The fresh tariffs are aimed at putting pressure on Beijing ahead of tough negotiations on its demand for technology transfer from US companies.
Chinese factories making everything from bikes to tyres, plastics and textiles are moving assembly lines abroad to skirt higher customs taxes on their exports to the United States and elsewhere.
In April, Ford announced plans to stop making cars in the United States -- except for the iconic Mustang -- and to focus on more profitable SUVs.
The company's US-made hardware products have taken it to become a USD 1 trillion company but those products are built in China which, in turn, creates thousands of jobs.