US and China near deal that would suspend planned tariffs

The Trump administration and China were expected to announce Friday a modest trade agreement that would suspend tariffs that are set to kick in Sunday, de-escalating their 17-month trade war.

Thursday evening, a senior administration official said a policy announcement regarding China would take place on Friday. The official spoke on condition of anonymity to discuss internal planning.

A “deal is close,” said Myron Brilliant, the US Chamber of Commerce’s head of international affairs, who has been briefed by both sides.