The Latest: US suspends tariff hike in limited China deal

Chinese Vice Premier Liu He accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media

Chinese Vice Premier Liu He accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media

Treasury Secretary Steven Mnuchin arrives to the Office of the United States Trade Representative were he will have a minister-level trade meetings wi

Treasury Secretary Steven Mnuchin arrives to the Office of the United States Trade Representative were he will have a minister-level trade meetings wi

Chinese Vice Premier Liu He shake hands with Treasury Secretary Steven Mnuchin, as he arrives for a minister-level trade meetings in Washington, Thurs

Chinese Vice Premier Liu He shake hands with Treasury Secretary Steven Mnuchin, as he arrives for a minister-level trade meetings in Washington, Thurs

Chinese Vice Premier Liu He accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media

Chinese Vice Premier Liu He accompanied by U.S. Trade Representative Robert Lighthizer, left, and Treasury Secretary Steven Mnuchin, greets the media

Chinese Vice Premier Liu He shake hands with Treasury Secretary Steven Mnuchin, as he arrives for a minister-level trade meeting in Washington, Thursd

Chinese Vice Premier Liu He shake hands with Treasury Secretary Steven Mnuchin, as he arrives for a minister-level trade meeting in Washington, Thursd

WASHINGTON (AP) — The Latest on U.S.-China trade talks (all times local):

3:59 p.m.

The United States is suspending a tariff hike on $250 billion in Chinese imports that was set to take effect Tuesday, and China agreed to buy $40 billion to $50 billion in U.S. farm products as the world's two biggest economies reached a cease-fire in their 15-month trade war.

The two countries are leaving the thornier issues — including U.S. allegations that China forces foreign countries to hand over trade secrets in return for access to the Chinese market — until later negotiations.

The tariffs on $250 billion in Chinese imports was set to rise Tuesday from 25% to 30%.