https://apnews.com/415cc91f3bb305ddb08620c53eea2d58

WASHINGTON (AP) — President Donald Trump said Friday that the U.S. has canceled plans to impose new tariffs on $160 billion worth of Chinese imports Sunday as part of a modest interim agreement that de-escalates a 17-month trade war between the world's two biggest economies.

The United States is also reducing existing import taxes on about $112 billion in Chinese goods from 15% to 7.5%