US suspends tariff hike in limited China deal

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Chinese Vice Premier Liu He shakes hands with U.S. Trade Representative Robert Lighthizer, after a minister-level trade meeting at the Office of the United States Trade Representative in Washington, Friday, Oct. 11, 2019. (AP Photo/Jose Luis Magana)

WASHINGTON (AP) – The Latest on U.S.-China trade talks (all times local):

3:59 p.m.

The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion in U.S. farm products as the world’s two biggest economies reached a cease-fire in their 15-month trade war.

The two countries are leaving the thornier issues – including U.S. allegations that China forces foreign countries to hand over trade secrets in return for access to the Chinese market – until later negotiations.

The tariffs on $250 billion in Chinese imports were set to rise Tuesday from 25% to 30%.

(Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Copyright 2019 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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