China Suspends More Tariffs

February 21, 2020 8:51 am

BEIJING (AP) – China has suspended more punitive tariffs imposed on U.S. imports following a truce in its trade war with Washington that threatened global economic growth. The goods affected include industrial components and medical and factory equipment. Beijing imposed penalties after the Trump administration hiked duties on Chinese goods in 2018 in response to complaints China was hurting U.S. companies by pressuring them to hand over technology. President Donald Trump reduced some of those duties, effective last week. That followed the signing of a “Phase 1” agreement in January seen as a possible step toward ending their tariff war.