March 2, 2019 7:42 PM

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China welcomes US decision of suspending tariff hike

<span style="color: #222222;">China has welcomed the US decision of suspending the tariff hike of goods imported from China, as the two countries intensified negotiations to reach a deal to end the current trade war between the world's two largest economies.</span><br />'' <br />'' <span style="color: #222222;">The Customs Tariff Commission of China said it has accepted the statement from US Trade Representative Office, which stated that Chinese goods that have been subject to tariffs since September 2018 will maintain a 10-per cent tariff rate until further notice. </span><br />'' <br />'' <span style="color: #222222;">The US has earlier announced a tariff increase of Chinese goods from 10 per cent to 25 per cent, which was initially scheduled for January 1, but the Trump administration extended the deadline for 90 days due to progress in talks. </span>

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