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Trump says US, China have reached deal; Sunday tariffs off
1 month ago | By Boston Herald
WASHINGTON - The Trump administration has dropped its plan to impose new tariffs on $160 billion of Chinese imports beginning Sunday under a modest interim deal that de-escalates a 17-month trade war between the world's two biggest economies.
As part of the agreement announced Friday, the administration is also reducing its existing import taxes on about $112 billion in Chinese goods from 15% to 7.5%.
In return, U.S. Trade Representative Robert Lighthizer told reporters, China agreed to buy $32 billion in U.S. farm products over two years. Beijing has also committed to ending a...
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