U.S.& China Announce Limited Trade Deal – No New Tariffs
The U.S. and Chinese announced a very limited trade deal with the details still opaque and many appear to be negotiated. Most important, the U.S. canceled plans to impose fresh tariffs on $156 billion in annual imports of Chinese-made goods—including smartphones, toys, and consumer electronics—that were set to go into effect Sunday. The U.S. will also slash …