China says trade deal with US must be ‘mutually beneficial’

BEIJING (AP) — Expectations for a U.S.-Chinese trade truce rose Friday, though Beijing accused Washington of unfairly attacking its economy and said a settlement to their costly, 17-month-old conflict must be “mutually beneficial.”

A senior Trump administration official said an announcement regarding China would take place Friday. The official spoke on condition of anonymity to discuss internal planning.

A “deal is close,″ said Myron Brilliant, the U.S. Chamber of Commerce’s head of international affairs, who was briefed by both sides.

Brilliant said the Trump administration agreed to suspend a planned tariff increase on $160 billion of Chinese imports due to take effect Sunday and to reduce existing tariffs, though it wasn’t clear by how much.