China-US agree to abandon trade war, threatened tariffs: Beijing | SBS News

China and the US agreed to abandon any trade war and back off from threatened tariffs, China's Vice Premier Liu He said, Xinhua reported on Sunday. Liu, who led a high-level Chinese delegation to Washington this week said: "The two sides reached a consensus, will not fight a trade war, and will stop increasing tariffs on each other," according to the state-run news agency.
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