U.S. and China Agree to Hold Off on Raising Additional Tariffs
During the G-20 talks this weekend in Argentina, President Donald Trump and Chinese President Xi Jinping agreed to halt new tariffs and not increase tariffs already in place.
The U.S. had been scheduled to increase tariffs on $200 billion of Chinese goods from 10% to 25% on Jan. 1. The agreement keeps those tariffs on thousands of products, including hundreds of types of Chinese castings at 10% for at least the next 90 days while the countries negotiate further.