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US/ChinaBack
[Published: Sunday May 20 2018]

 US and China halt import tariffs

 
BEIJING/WASHINGTON 20 May (ANA) - China and the US say they will halt imposing punitive import tariffs, putting a possible trade war "on hold".
 
The deal came after talks in the US aimed at persuading China to buy $ 200bn (£ 148bn) of US goods and services and thereby reduce the trade imbalance.
 
US Treasury Secretary Steven Mnuchin did not give figures, but said the US would impose tariffs worth $ 150bn if China did not implement the agreement.
 
Chinese Vice-Premier Liu He described the deal as a "win-win choice".
 
He said dialogue was the way to resolve such issues and "treat them calmly" in the future.(ANA)
FA/ANA/20 May 2018--------
 

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