US backs down in trade war with China

20 May 2018, 20:06 | Economy
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US Treasury Secretary Stephen Mnuchin confirmed the suspension.

introduction of reciprocal trade duties with China, noting "significant.

progress "in bilateral trade negotiations.

"We have made significant progress and agreed on a common.

principles of [trade relations]. And now we have agreed to suspend the introduction of duties,.

while we try to implement these common.



principles in practice, "Mnuchin said in an interview.

Fox News. In Washington, on May 17-18, a second round of consultations took place between.

trade delegations of the two countries. Vice Premier of the State Council of the People's Republic of China Liu He.

after talks with US President Donald Trump, said that the parties.

agreed not to start a trade war and stop the introduction of mutual.

trade duties.




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