United States agrees to suspend new China tariffs

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Buenos Aires (Web Desk) The United States said that it agreed in a long-awaited summit with China to suspend new tariffs for 90 days as the two powers seek to end a trade war.
The White House said a threatened increase of tariffs on $200 billion worth of Chinese goods from 10 to 25 percent, which was set to take effect on January 1, would be put off for 90 days.
“If at the end of this period of time, the parties are unable to reach an agreement, the 10 percent tariffs will be raised to 25 percent,” a White House statement said after dinner talks between President Donald Trump and his counterpart Xi Jinping on the sidelines of a G20 summit in Buenos Aires.

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