U.S.-China trade tariffs on hold

U.S. Treasury Secretary Steven Mnuchin confirms the U.S. and China have agreed to put proposed tariffs on hold.

Beijing and Washington officials issued a statement Saturday saying China will significantly increase purchases of U.S. goods and services, including more U.S. energy and agricultural commodities to help close a 335-billion dollar annual trade deficit.

Mnuchin said on Fox News Sunday there is no deal yet, but says there are specific industry targets.

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