The U.S. and China announced an agreement to temporarily suspend the planned increase of 5 percent on goods in round 3 of the Section 301 tariffs.
According to President Trump the agreement will be signed in a few weeks and in return China has agreed to purchase $40-50 billion of agricultural products. The agreement also includes provisions on intellectual property, expanded market access for financial services, revised sanitary and phytosanitary measures, technology transfer, and transparency in foreign exchange market.
