China and the United States have agreed terms of a “phase one” trade deal under which Washington reduced some tariffs and Beijing canceled retaliatory duties that were previously scheduled to take effect on Dec. 15. Before Sunday’s deal, U.S. corn, sorghum, wheat, undenatured ethanol, and refined copper cathodes had faced an additional tariff of 10% an imports into China. Propane, cotton, aluminum scrap, copper scrap and rare earth magnets were all set for an additional 5% duty. Below is a list and timeline showing how China’s tariffs on key U.S. commodities and energy items stand after the “phase one” accord. Crude oil Beijing imposed a 5% tariff on U.S. crude oil shipments from Sept. 1, the first time U.S. oil had been targeted […]