China has suspended a new tariff hike on US goods ranging from corn and wheat to vehicles and auto parts, which was due to go into effect this weekend. “China hopes, on the basis of equality and mutual respect, to work with the United States, to properly resolve each other's core concerns and promote the stable development of US-China economic and trade relations,” the State Council's customs tariff commission said in a brief statement on December 15. DETAILS TO FOLLOW
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