China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching an agreement within 90 days, the White House said.
China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching an agreement within 90 days, the White House said on Saturday after U. S. President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina.
READ MORE:
U. S.-China high-stakes trade talks at G20 signal diffusing of tensions
Trump agreed not to boost tariffs on $200 billion of Chinese goods to 25 per cent on Jan. 1 as previously announced, while Beijing agreed to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and other products, the White House said in a statement.
