Home News Politics The Latest: US suspends tariff hike in limited China deal

The Latest: US suspends tariff hike in limited China deal

WASHINGTON (AP) — The Latest on U.S.-China commerce talks (all occasions native):

3:59 p.m.

The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take impact Tuesday, and China agreed to purchase $40 billion to $50 billion in U.S. farm merchandise because the world’s two greatest economies reached a cease-fire of their 15-month commerce struggle.

The two nations are leaving the thornier points — together with U.S. allegations that China forces international nations handy over commerce secrets and techniques in return for entry to the Chinese market — till later negotiations.

The tariffs on $250 billion in Chinese imports was set to rise Tuesday from 25% to 30%.

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