China will suspend 24% US tariffs for a year from November 10, to maintain 10% US tariffs

China will suspend 24% US tariffs for a year from November 10, to maintain 10% US tariffs.

This is a risk positive announcement. A dialing back of trade tensions,. At least for now.

China’s Finance Ministry with the announcement.

The Ministry of Commerce also announce that China will remove some tariffs on some US agricultural goods. .

This article was written by Eamonn Sheridan at investinglive.com.