China suspends tariffs on some US goods

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Beijing

China will suspend the planned addition of 10 percent and 5 percent tariffs on some US imports, and “continue to suspend additional tariffs on US-made autos and spare parts”, China’s finance ministry announced Sunday.
The move follows US President Trump’s cancellation of new tariffs on Chinese products as part of a “phase one” trade deal.
China’s commerce ministry said on Friday it had agreed with the US a mini-deal that includes a progressive rollback of tariffs and the protection of intellectual property rights.The two sides have yet to sign the agreement, which represents a major breakthrough in the 21-month standoff between the world´s two largest economies.— AFP