The US Trade Representative's office on Friday filed a Federal Register notice suspending the 15 percent US tariffs slated to go into effect on Sunday on Chinese goods worth about $160 billion after reaching a "phase one" trade deal with Beijing.
The notice said that the Dec. 15 tariffs were "suspended indefinitely." The move provides formal notice of the decision on Friday not to proceed with the tariffs.
"The US Trade Representative will continue to consider the actions being taken in this investigation. In the event that further modifications are appropriate, the US Trade Representative intends to take into account the extensive comments and testimony previously provided," the agency said in the notice.
US cancels China tariffs due on Sunday: TrumpPresident Donald Trump confirmed Friday he is canceling new tariffs on China, that had been due to kick in at the end of this week, as part of a ... Economy
Wall Street slides following US-China trade dealUS stocks sank into the red in late morning trade on Friday as investors parsed scant details in a new US-China trade deal announced earlier in the ... Financial Markets
China to buy $50B in US farm goods for tariff relief: US sourcesWashington has agreed to suspend some tariffs on Chinese goods and cut others in return for Beijing's pledge to hike US farm product purchase in 2020, ... Economy