Trump Says U.S. Will Scrap Dec. 15 China Tariffs, Others Remain.

(Bloomberg) -- President Donald Trump said the U.S. will scrap new tariffs on Chinese goods that were scheduled to take effect next week because the two nations have reached an agreement on trade terms. Trump added that existing tariffs will remain at 25%, saying Beijing agreed to many structural changes and purchases of agricultural products, energy and other U.S. goods. [Extracted from the article]