Following the conclusion of the G-20 summit in Argentina, Trump described the agreement brokered with Beijing as « one of the largest deals ever made. »
President Donald Trump’s assertions about the U. S.-China agreement to pause tariff escalations that emerged over the weekend do not appear to match the White House’s official description of the agreement.
Following the conclusion of the G-20 summit in Argentina, the U. S. leader described the agreement brokered with Beijing as « one of the largest deals ever made. » He said Chinese President Xi Jinping’s government « will be opening up » and « getting rid of tariffs. »
The White House, however, did not back up Trump’s claims about China ending tariffs, but referred instead to a temporary agreement not to raise them further. And it gave little indication of China « opening up. »
In a statement, the White House press secretary said Beijing will agree to purchase « a not yet agreed upon, but very substantial » amount of U. S. agricultural, energy, industrial and other products in order « to reduce the trade imbalance between our two countries. »
During the talks at the G-20 meeting, the two superpowers agreed to delay additional taxes on each other’s goods for the next 90 days — during which time they will try to overcome difficult differences including « forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft.
