US lifts Tariffs on 400 Chinese Products

US PRESIDENT Donald Trump said his administration was "making a lot of progress" with China on Friday, as deputy level trade talks continued for a second day and Washington lifted tariffs on over 400 Chinese products.

Trump, speaking to reporters at a White House meeting with Australian Prime Minister Scott Morrison, said the United States was talking in billions of dollars from tariffs imposed on Chinese products, adding that the total would soon reach $100 billion.

"I will say this: we're making a lot of progress with China, "Trump said.

The United States Trade Representative's office issued three Federal Register notices exempting a wide range of products from tariffs in response to requests from US companies, which argued that the levies would cause economic hardship.

The 437 exempted products range from printed circuit boards for computer graphics processors to dog collars, laminated wood flooring and miniature Christmas lights.