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.
