Market expectations have been rising for some form of policy easing measures, such as letting financial firms offer preferential mortgage and down payment rates, though limits on home purchases are likely to remain in effect for some time.

WSJ: China Housing Market Shows Signs of Warming

And if the rich cut tariffs, it would hurt some of the poor, because America and the EU already offer selected poor countries preferential access to their markets.

ECONOMIST: Weighed in the balance

Nor did they take into account the preferential low tariffs that rich countries already offer to some of the poorest countries.

ECONOMIST: Weighed in the balance