According to the Associated Press this morning, China announced a 90-day suspension of increased tariffs on $126 billion of US cars, trucks and auto parts.
The suspension on Friday was likely a response to President Trump’s December 1st decision to suspend tariff hikes that were set to begin January 1st. These initial China tariffs of 25% were in response to Trump’s 25% tariff on $50 billion of Chinese goods.
The US and China are still working on a solution to solving the trade dispute but no face to face negotiations have been set. Check back for more details as they are available.