Treasury Secretary Says U.S., China Have Suspended Tariffs

‘President can always put tariffs back on,’ Mnuchin says of threat against $150 billion in imports as negotiations continue

Josh Zumbrun

Updated May 21, 2018 11:07 a.m. ET

The U.S. suspended its threat to impose tariffs on $150 billion in Chinese imports to the U.S. while negotiations with China continue, but President Donald Trump could impose the tariffs if a deal between the two countries doesn’t progress, Treasury Secretary Steven Mnuchin said.

“Both parties have agreed to suspend the tariffs,” Mr. Mnuchin said Monday in an interview on CNBC, echoing remarks he gave over the weekend. He specified that the U.S. was pausing its efforts to apply tariffs to $150 billion in Chinese imports to...