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Trump says US, China have reached deal; Sunday tariffs off

WASHINGTON — The Trump administration has dropped its plan to impose new tariffs on $160 billion of Chinese imports beginning Sunday under a modest interim deal that de-escalates a 17-month trade war between the world’s two biggest economies.As part of the agreement announced Friday, the administration is also reducing its existing import taxes on about $112 billion in Chinese goods from 15% to 7.5%.In return, U.S. Trade Representative Robert Lighthizer told […]
Source: The Jacksonvill Daily News

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