US President George W. Bush and Chinese President Hu Jintao on Monday agreed to postpone tariff hikes on Chinese products worth $ 200 billion and $ 226.9 trillion, .

The United States plans to raise tariffs on Chinese products worth $ 200 billion from the current 10 percent to 25 percent from early January, but announced shortly after the truce agreement that it would not raise rates during the 90-day truce with China.

The US Trade Representative reported in its Gazette that the timing of the increase of the tariff rate on Chinese products worth 200 billion dollars will be changed to 0:01 am on March 2.