U.S. suspends plans to hike tariffs on Chinese imports

The Trump administration 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.

Shipping containers from China are unloaded at the Port of Los Angeles in Long Beach, California on September 14, 2019. [Photo: AFP/Mark Ralston]

The White House said the two sides made some progress on the issues.

The U.S. and Chinese negotiators have so far reached their agreement only in principle. No documents have been signed.

President Donald Trump announced the trade truce in a White House meeting with the top Chinese negotiator, Vice Premier Liu He. The news followed two days of talks in Washington, the 13th round of negotiations.

(Story includes material sourced from AP.)