China Delays Tariffs on US Autos, Other Goods in Trade Deal
China is postponing punitive tariffs on U.S.-made automobiles and other goods following an interim trade deal with Washington.
Sunday’s announcement came after Washington agreed to postpone a planned tariff hike on $160 billion of Chinese goods and to cut in half penalties that already were imposed.
U.S. Trade Representative Robert Lighthizer said China committed to buy $40 billion of American farm products.
He said Beijing also promised to end its long-standing practice of pressuring companies to hand over technology.
Duties that had been due to take effect Sunday included 25% on autos and 10% or 5% on other goods.