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U.S. to suspend Chinese tariff hikes, Beijing to increase ag buys

October 11, 2019 at 3:17 PM
The United States agreed to suspend plans to raise tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent in exchange for commitments from China to step up purchases of U.S. agricultural goods and abide by new currency rules, sources tell Inside U.S. Trade . The American Enterprise Institute's Derek Scissors, who advises the administration on China, said China had also agreed to concessions on equity caps, but the details were unclear. President Trump is...


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