China says US agreed to a maximum tariff rate. Could the trade war be waning?
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Beijing says Washington agreed to keep future trade levies at numbers set in trade talks last year.

Washington would not raise future tariffs on Chinese goods above the level stipulated in a trade truce the two countries hammered out late last year, Beijing said, a commitment arising from talks in South Korea held hours before US President Donald Trump’s arrival in the Chinese capital last week. Analysts said the pledge signals a shift in relations between the world’s two largest economies – from unilateral trade shocks towards a phase of “managed competition”. “We hope the US side will honour…

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