The Chinese State Council's Tariff Commission said additional duties on some US goods expected to take effect on December 15 were postponed.

US commodities that avoid a 5-10% increase in Chinese tariffs include maize, wheat, auto parts and vehicles. However, the tariffs Beijing has imposed on US goods before will remain the same, today's announcement by the Chinese State Council's Tariff Commission said.

"China hopes to cooperate with the United States on the basis of equality and mutual respect, in order to properly resolve the core concerns of both sides, and at the same time promote the stable development of economic relations. US-China economic and trade, "the paragraph has a paragraph.

The move comes after Beijing and Washington reached a trade deal for a period on Dec. 13. Accordingly, the US tax order with 160 billion USD of Chinese goods expected to be effective on 15/12 is postponed. The 25% tax rate of the US with 250 billion USD of Chinese goods remained the same, while the rate of 15% with 120 billion USD of goods dropped to 7.5%.

In return, China pledged to increase imports of at least US $ 200 billion in US goods and services in the next two years. "They agree with a lot of structural changes and buying large quantities of agricultural products and many other things. This is a great deal for both sides," US President Donald Trump wrote on Twitter.

Chinese Foreign Minister Wang Yi also welcomed a deal yesterday that the two sides agreed on a number of terms in October, calling it "good news for all sides". However, he added that Washington and Beijing still have a lot of issues to solve.