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Economy

China relieved, US business ambivalent over easing of trade tensions

Updated : May 22, 2018 06:21 AM IST

A trade war was "on hold" after the United States and China agreed to drop their tariff threats while they worked on a wider trade agreement, US Treasury Secretary Steven Mnuchin said on Sunday.
Beijing and Washington said they have agreed to keep talking about measures under which China would import more US energy and agricultural commodities to narrow the $335 billion annual US goods and services trade deficit with China.
China relieved, US business ambivalent over easing of trade tensions
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