China will suspend for one year the 24 per cent additional tariffs it imposed on US goods in April, while maintaining the 10pc levies also introduced in response to US President Donald Trump’s ‘Liberation Day’ duties, its cabinet confirmed on Wednesday.

The State Council’s tariff commission also announced it would remove the duties of up to 15pc it imposed on certain US agricultural goods from November 10, referring to a release from March detailing the products the world’s top agricultural buyer would begin taxing........

© Dawn Business