Is there a breakthrough in the US-China trade war?

CHIP SOMODEVILLA / GETTY IMAGES NORTH AMERICA / AFP

The USA will suspend the implementation of its next tariff hike on Chinese imports.

It comes after two days of trade talks between the countries in Washington.

Donald Trump said negotiators had successfully reached a "phase one deal."

The US President said this would increase agricultural purchases as well as address issues like technology theft.

Meanwhile, Liu He, who is China's chief negotiator, told reports that he was "happy" with the progress of the talks.  

More from Business News

  • Disney settles suit over women's pay for $43 million

    Walt Disney has agreed to pay $43.3 million to settle a lawsuit alleging that its female employees in California earned $150 million less than their male counterparts over an eight-year period, the plaintiffs' lawyers said in a statement on Monday.

  • Etihad Airways adds ten new destinations for 2025

    UAE carrier Etihad Airways is set to introduce ten new destinations starting in 2025, expanding its global presence as it brings tens of thousands of new visitors to the capital.

  • Trump pledges new tariffs on Canada, Mexico, China

    US President-elect Donald Trump on Monday pledged a 25 per cent tariff on all products from Mexico and Canada from his first day in office, and an additional 10 per cent tariff on goods from China, citing illegal immigration and the trade of illicit drugs.

  • UAE and Bahrain finalise ICV programmes procedures

    The UAE and Bahrain have finalised the procedures required to implement an MoU, signed last January, that fosters cooperation between the National In-Country Value (ICV) Programme and Bahrain’s Value Programme in Industry, known as Takamul.

On Virgin Radio today

Trending on Virgin Radio