BREAKING: U.S. suspends tariff hike on $250B in Chinese imports that was set to take effect Tuesday, and China agrees to buy $40-50B in U.S. farm products, in a sign of progress in the countries’ long-running trade war.
The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion in U.S. farm products as the world’s two biggest economies reached a cease-fire in their 15-month trade war.
The two countries are leaving the thornier issues — including U.S. allegations that China forces foreign countries to hand over trade secrets in return for access to the Chinese market — until later negotiations.
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