The USA will suspend the implementation of its next tariff hike on Chinese imports.
It comes after two days of trade talks between the countries in Washington.
Donald Trump said negotiators had successfully reached a "phase one deal."
The US President said this would increase agricultural purchases as well as address issues like technology theft.
Meanwhile, Liu He, who is China's chief negotiator, told reports that he was "happy" with the progress of the talks.
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US says oil from strategic reserve to start reaching market next week
The Trump administration said on Friday it expects early deliveries of oil from the US strategic petroleum reserve to reach the market by the end of next week as part of an effort to combat the energy price spike since the start of the Iran war.
Standard Chartered issues clarification on local operations
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