Trump halts new tariffs in US China trade war bbc.com

The so-called phase one deal will see billions of dollars in tariffs removed or delayed.
US stocks hit a fresh record on hopes there will be a continued softening of trade tensions between the world's two largest economies.

A fresh wave of US tariffs on Chinese imports was due to take effect on Sunday. However, this has been canceled for now.

"We will begin negotiations on the phase two deal immediately, rather than waiting until after the 2020 Election," US President Donald Trump said in a tweet. "This is an amazing deal for all."