21 May 2018 --- The sweeping tariffs that US President Trump threatened to impose on China recently are off the table for now after the two countries are on the path to reaching a new agreement on trade – and tensions seem to be easing. US Treasury Secretary Steven Mnuchin said over the weekend that the Trump administration was putting “the trade war on hold,” suspending tariffs on Chinese imports so that the two economies could thrash out a new deal that will reduce the merchandise trade deficit.