U.S., China clinch trade deal that averts new tariff hike: media

The United States has agreed on a trade deal with China that will suspend a tranche of tariffs on Chinese goods set to kick in on the weekend and reduce some of the existing tariffs that have been introduced in the tit-for-tat trade war, U.S. media said Thursday.In exchange for reducing the tariff rate on many Chinese imports, the latest agreement calls for China to buy $50 billion worth of agricultural goods in 2020, along with energy and other goods, according to The Wall Street Journal.The latest development came after weeks of apparent skirmishes over the details of the so-called phase-…READ FULL ARTICLE