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US, China Finalize Deal to Suspend December Tariffs

December 16, 2019

Speaking on December 13, Donald Trump said that the agreement will stave off further tariffs, keeping them at 25 percent for USD 250 billion worth of US imports from China.

The move comes on the back of the tentative agreement on a partial trade deal revealed in October. However, the measure had to be finalized in order to suspend the new round of tariffs on consumer goods, which was scheduled to take effect on December 15.

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