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U.S. outlines 'Phase 1' trade deal with China, suspends October tariff hike

Reuters Saturday, 12 October 2019
U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed.
Credit: CBS 2 New York - Published < > Embed
News video: China, U.S. Reach New Trade Deal Ahead Of Deadline

China, U.S. Reach New Trade Deal Ahead Of Deadline 02:42

The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday and China agreed to buy $40 billion in U.S. farm products. CBS2's Alice Gainer reports.

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