Beijing and Washington have agreed to reduce some punitive tariffs on each other's goods as talks on ending their trade war progress, a Chinese spokesman said Thursday.
That weighs on trade worldwide and threatens to depress global economic growth that already is showing signs of slowing.
Trump said China agreed to buy up to $50 billion of American farm goods. Beijing has yet to confirm the scale of its commitment. China's imports of American soybeans and other goods tumbled 26.4% in the first nine months of this year following tariff hikes and orders to importers to find other suppliers.
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