General World News

US Suspends Plans to Hike Tariffs Tuesday on Chinese Imports

Chinese Vice Premier Liu He leaves after a ministerial-level trade meeting at the Office of the United States Trade Representative, in Washington, Oct. 11, 2019.

The Trump administration 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 White House said the two sides made some progress on the thornier issues, including China’s lax protection of foreign intellectual property. But more work will have to be made on key differences in later negotiations, including U.S. allegations that China forces foreign countries to hand over trade secrets in return for read more >>>

Source:: VOANews.Com