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China suspends tariff hike on select US goods, expects ‘mutual respect & equality’ in future trade talks
China has suspended a new tariff hike on US goods ranging from corn and wheat to vehicles and auto parts, which was due to go into effect this weekend.
The tariffs that had already been been implemented on US goods would however be left in place, until the next stages of negotiations.
“China hopes, on the basis of equality and mutual respect, to work with the United States, to properly resolve each other's core concerns and promote the stable development of US-China economic and trade relations,” the State Council's customs tariff commission said in a brief statement on December 15.
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