China and U.S. Agree Not to Impose More Tariffs, Says Xinhua

HONG KONG–Chinese state media have reported that the U.S. and China have agreed not to impose further tariffs after Jan. 1, heading off a plan by Washington to hike existing tariffs from 10 percent to 25 percent next year.

Both Xinhua and Chinese television station CGTN reported the trade war de-escalation from the two sides following a meeting between Trump and Xi at the G20 summit in Argentina Saturday.