President Trump may be cheering “an incredible deal” with China that will at least put on hold some of the contention between the two countries, but there are signs that it’s too soon to celebrate. Reuters noted that the higher-ups in Chinese government are remaining mum on the talks
President Trump may be cheering “an incredible deal” with China that will at least put on hold some of the contention between the two countries, but there are signs that it’s too soon to celebrate.
Reuters noted that the higher-ups in Chinese government are remaining mum on the talks between Trump and Chinese President Xi Jinping at the G-20 summit in Argentina this past weekend.
The country’s foreign ministry keeps referring questions on details of the discussion to the commerce ministry — and that agency isn’t talking, although it will hold a weekly news briefing on Thursday.
A Chinese official told Reuters that the government was waiting on its leaders to return before speaking. Xi and other senior officials are set to get back to China on Thursday after visiting Portugal.
The U. S. and China agreed to hit pause on their trade war for 90 days, the White House reported. Trump said he will hold off on his plan to raise all of the previously implemented tariffs to 25 percent on Jan. 1. He also will not impose duties on the remaining Chinese imports.
The White House has said China has agreed to buy a number of products from the United States in the sectors of farm, energy, and industrial, among others, but the Trump administration hasn’t laid out specifics. American soybean farmers have been hit particularly hard in the tariff wars after China stop buying their yield.
