China suspends planned tariffs on US goods after phase-1 of trade deal

China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council's customs tariff commission said on Sunday, after the world's two largest economies agreed a "phase one" trade deal on Friday. The deal, rumours and leaks over which have gyrated world markets for months, reduces some U.

S. tariffs in exchange for what U.S. officials said would be a big jump in Chinese purchases of American farm products and other goods. China's retaliatory tariffs, which.

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