Before Sunday's deal, U.S. corn, sorghum, wheat, undenatured ethanol, and refined copper cathodes had faced an additional tariff of 10% an imports into China.
Industrial output growth hits 5-month high and retail sales beat forecasts as government stimulus seen supporting growth.
At a news conference in Beijing, Chinese officials said the two sides had agreed on the text of a deal, but offered no specific details on the amount of US goods China had agreed to buy.
Hong Kong has some autonomy and China has been administering it under "one country, two systems" framework over the last 22 years
Beijing has agreed to import at least $200 billion in additional US goods and services over the next two years on top of the amount it purchased in 2017.
Global stocks hit a record high and bond yields climbed on optimism over trade.
After rallying for 11 years, valuations seem to be on the higher side; patience is key for new investors
Washington is laying the groundwork for a delay in the latest tariffs, scheduled to take effect on Dec. 15, but a final decision has not been made
Data released on Sunday showed exports from China in November fell 1.1% from a year earlier, confounding expectations for a 1% rise in a Reuters poll.
The decision came after talks ran late into Monday evening, two trade officials said
Both China and the US have scheduled further tariff increases for December, and Europe is considering retaliation against any US action
The president exuded confidence that the stock markets would hit a new high, denouncing reports about the possibility of a recession as fake news
Fourth of July meats are bountiful in US grocery stores after US farmers increased production and trade disputes limited some exports
The fact is that agricultural trade between the two nations has been declining since well before Trump launched his trade war
From 2009 to 2014, China may have taken in as much as $2 trillion in hot money spewing from the Federal Reserve's low interest-rate policy
Beijing and Washington have been embroiled in a 17-month trade war that has disrupted global grain flows, rattled markets and weighed on world economic growth
A US offensive against the World Trade Organization will effectively shutter the group's system for settling disputes, at a time it's most needed
The ongoing trade dispute between the world's two largest economies have roiled financial markets and threatened global economic growth
Total Chinese exports were off 2.5 per cent from a year earlier despite weakening global demand while imports were up 0.2 per cent
Overall, we remain constructive of the Indian equity markets and are recommending investors to gradually build their equity investment portfolio, says Ashish Gumashta