|[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--------