REUTERS/Kevin Lamarque President Donald Trump confirmed Friday that the US has agreed to lower tariffs against China as part of an interim trade agreement. China had announced moments earlier that the two sides had reached the text of a so-called phase one deal.  As part of the agreement, Trump said the US would lower the tariff rate on China to 7.5% from 25% and cancel plans to hit virtually all imports from that country on Sunday.&nbs...

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China: China , officially the People's Republic of China , is a sovereign state located in East Asia. It is the world's most populous country, with a population of over 1.35billion. The PRC is a single-party state governed by the Communist Party, with its seat of government in the capital city of Beijing.[
- China Wikipedia
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