China suspends U.S. tariffs and lifts sanctions
China announced adjustments to trade measures against the U.S. to implement a consensus reached in recent bilateral talks. On Nov. 5, the State Council’s Customs Tariff Commission said that starting Nov. 10, it will stop one set of retaliatory tariffs on U.S. imports and adjust another. The adjustment involves keeping a 10% additional tariff rate while continuing to suspend a 24% rate for one year.
