U.S. Suspending New Tariffs While Negotiating Trade With China, Mnuchin Says
Source: The New York Times
By Alan Rappeport and Noah Weiland
May 20, 2018
WASHINGTON — The United States has put on hold its plan to impose sweeping tariffs on Chinese products as it presses forward with negotiations to reduce its trade deficit with Beijing, a top priority of President Trump.
Steven Mnuchin, the Treasury secretary, said on Sunday that the two countries had made progress as they concluded two days of intense trade negotiations in Washington late last week. The planned tariffs — on Chinese steel and aluminum, as well as $150 billion worth of other Chinese goods — are off the table while the talks proceed, he said.
“We’re putting the trade war on hold,” Mr. Mnuchin said on “Fox News Sunday.”
After finishing the talks in Washington, the two sides released a joint statement on Saturday that offered little detail about what had been decided. Mr. Mnuchin said on Sunday that they had agreed on a “framework” under which China would increase its purchases of American goods, while putting in place “structural” changes to make it easier for American companies to compete in China and protecting American technology.
Read more: https://www.nytimes.com/2018/05/20/us/politics/mnuchin-kudlow-china-trade.html
= new reply since forum marked as read
to hear this. 
I thought China was raping us? Apparently they were until a certain charlatan got $500 million for a golf course from the Chinese.
