Official: China hopes for US trade pact as tariff hike nears

A Chinese official says Beijing wants prompt settlement of its trade war with Washington

BEIJING -- A Chinese official says Beijing wants a prompt settlement of its trade war with Washington.

Another U.S. tariff hike on $160 billion of Chinese imports is due to take effect Sunday. China announced Friday it was carrying out a promise to waive punitive tariffs on American soybeans and pork.