The Latest: US suspends tariff hike in limited China deal
Posted October 11, 2019 7:00 am
WASHINGTON (AP) - The Latest on U.S.-China trade talks (all times local):
3:59 p.m.
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.
The tariffs on $250 billion in Chinese imports was set to rise Tuesday from 25% to 30%.
Treasury Secretary Steven Mnuchin arrives to the Office of the United States Trade Representative were he will have a minister-level trade meetings with his Chinese counterpart Chinese Vice Premier Liu He, in Washington, Thursday, Oct. 10, 2019. (AP Photo/Jose Luis Magana)
The Associated Press
Chinese Vice Premier Liu He shake hands with Treasury Secretary Steven Mnuchin, as he arrives for a minister-level trade meetings in Washington, Thursday, Oct. 10, 2019. (AP Photo/Jose Luis Magana)
The Associated Press
Chinese Vice Premier Liu He accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media before a minister-level trade meeting in Washington, Thursday, Oct. 10, 2019. (AP Photo/Jose Luis Magana)
The Associated Press
Chinese Vice Premier Liu He shake hands with Treasury Secretary Steven Mnuchin, as he arrives for a minister-level trade meeting in Washington, Thursday, Oct. 10, 2019. (AP Photo/Jose Luis Magana)
The Associated Press
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