The daily business briefing: May 21, 2018

1.

The U.S. will hold off on imposing tariffs on Chinese products as talks continue on reducing America's trade deficit with China, Treasury Secretary Steven Mnuchin said Sunday. "We're putting the trade war on hold," Mnuchin said on Fox News Sunday. Mnuchin said the two countries had made significant progress in negotiations last week. Beijing committed Saturday to significantly increasing its purchases of U.S. goods and services. U.S. officials said last week that China would increase...

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