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Last updateTue, 11 Dec 2018 5pm

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Manufacturing & The Economy

U.S., China Agree to 90-Day Halt on New Tariffs

President Trump and Chinese President Xi Jinping agreed to a temporary 90-day halt to tariffs that “will see the United States and China restart talks aimed at resolving a trade dispute that is damaging the global economy, worrying some of Trump’s Republican allies, and unnerving investors,” The Washington Post reports.

“If the latest effort encounters the same roadblocks, Trump said he will proceed with his previous plan to raise tariffs on $200 billion in Chinese products to 25 percent from 10 percent, which was to have taken effect on Jan. 1.” 

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