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Trade war de-escalation? Washington promises not to hit Beijing with new tariffs Trade war de-escalation? Washington promises not to hit Beijing with new tariffs
(30 minutes later)
The US has agreed to not impose new tariffs on Chinese exports following talks between the two countries’ leaders, Donald Trump and Xi Jinping, on the sidelines of the G20 summit, Xinhua reports.The US has agreed to not impose new tariffs on Chinese exports following talks between the two countries’ leaders, Donald Trump and Xi Jinping, on the sidelines of the G20 summit, Xinhua reports.
The two sides are also set to restart trade consultations and will have discussions on specific issues, Chinese state media reported on Saturday after the presidents’ meeting. Talks to resolve the trade dispute are to be held “on the basis of equality and mutual respect.”The two sides are also set to restart trade consultations and will have discussions on specific issues, Chinese state media reported on Saturday after the presidents’ meeting. Talks to resolve the trade dispute are to be held “on the basis of equality and mutual respect.”
After the 80-minute meeting, Trump described the highly anticipated talks with Xi as “very good” and said the two sides are “back on track.”After the 80-minute meeting, Trump described the highly anticipated talks with Xi as “very good” and said the two sides are “back on track.”
As he talked to the media later on Saturday, the US president said he is not going to remove current tariffs on Chinese goods, though he confirmed that $350 billion worth of Chinese imports will not be slapped with new levies, despite the fact that he could if he wanted to.