Daily News

Mnuchin: Tariffs on Chinese products put on hold; 'trade war' averted

May 22, 2018 at 10:01 AM
The U.S. will suspend plans to impose new tariffs on Chinese goods, Treasury Secretary Steven Mnuchin confirmed on Sunday. On Fox News Sunday, Mnuchin said two days of talks between U.S. and Chinese officials in Washington, DC, late last week produced a “framework” to “substantially reduce the trade deficit by increasing their purchases of goods,” as well as “very important structural issues that they are going to make in their economy to make sure that we have a fair ability...


Not a subscriber? Sign up for 30 days free access to exclusive, behind-the-scenes reporting on the trade relations with China and the changes being made by the Biden administration.