|U.S. and U.S. Department of Additional Tariffs planned for next year (Overall)|
The U.S. and China have decided to delay imposing additional tariffs on products from January next year.
According to the AFP, U.S. President Donald Trump and Chinese President Xi Jinping, who are visiting Buenos Aires to attend the G20 summit, met at the same time during a dinner in China on Thursday.
The U.S. government raised the tariffs on Chinese products worth $50 billion to 25 percent between July and August this year, and imposed tariffs of $200 billion on Chinese products in September.
As the Chinese government imposed tariffs of between 5 and 25 percent on U.S. products worth 110 billion dollars, the U.S. government plans to raise tariffs on 200 billion dollars worth of Chinese products to 25 percent starting January next year.
However, the White House said after the meeting that the additional tariffs on Chinese products, which were planned for January next year, will be suspended for the next 90 days.
"The U.S. and China have agreed to stop imposing additional tariffs," Wang said.
China's state-run International Broadcasting Corporation (CGTN) and China Daily said they will continue the trade negotiations, and at least the two countries will not take further action against each other.
President Trump and Chinese President Xi had a dinner with their aides at a hotel in Buenos Aires for about two and a half hours and discussed the situation of trade war between the two countries.
President Trump and Chinese President Xi met for the first time since the trade war between the U.S. and China began in July.
In the meantime, the two leaders expressed their expectations for a trade agreement between the two countries even before the beginning of the dinner.
"We have an incredibly good relationship with Chinese President Xi," Trump said.
"The U.S. and China shared a tremendous sense of responsibility to find a solution to the trade war," Chinese President Xi also said in a dinner with Chinese 토토사이트 state-run Xinhua News Agency.
"(The summit talks) went very well," U.S. President Larry Kerrro told reporters after the dinner, expressing satisfaction with the agreement.
| Post by : kissmarclovers5