Mexico's Congress has approved a proposal to raise tariffs for more than 1,400 products from China and other trading partners that do not have a trade agreement with the country. This action has drawn criticism from Beijing, which has an ongoing investigation on the tariffs.

Today, the Chinese government announced a rollback of some retaliatory measures, including tariffs on key agricultural products and sanctions on U.S. entities, as Beijing took another step to implement a recent trade deal with the United States to deescalate the ongoing economic tensions.

Last week, China and the U.S. announced that they had reached an agreement resulting in the temporary suspension of specific tariffs and non-tariff measures. This piece focuses on the relief from the Chinese side, which remains conditional and subject to further regulatory action.

In a fact sheet published yesterday, the Trump administration offered its perspective on what had been agreed to with China as part of recent talks.

Trade officials from China and the United States met in South Korea, where bilateral trade talks led to the announcement today of a temporary truce in the protracted trade conflict. The agreement involves a suspension of some tariffs, export restrictions, and the collection of port fees; a Chinese commitment to

The Trump administration has followed through on another set of "national security" tariffs, imposing 25% tariffs on imported trucks and truck parts, and 10% tariffs on imported buses.

In response to China's recent announcements of expanded export controls, President Trump indicated that the U.S. will respond with 100% tariffs, as well as export controls on software and perhaps on Boeing parts.