https://wccftech.com/china-and-the-u-s-agree-to-a-low-hanging-fruit-phase-one-trade-deal-as-the-tariff-bandwagon-loses-steam/ > According to multiple reports, the U.S. and China have agreed to a phase one trade accord that ensures concessions from both sides and offers global equity markets a critical boon before the crucial holiday session. > As per the details revealed, the U.S has provided following concessions to China regarding the tariff slabs detailed in the section 301 of the United States Trade Representative (USTR) website:  Suspension of List 4B tariffs that were due to take effect this Sunday on $160 billion of consumer goods imports from China  Reduction of List 4A tariffs to 7.5 percent from the original 15 percent imposed on $120 billion of Chinese products on 1st of September  Preservation of tariffs included in lists 1 - 3 that cumulatively entail 25 percent tariffs on $250 billion of Chinese imports