TIL Desk/World/ Buenos Aires/ Following a “highly successful meeting” here between US and Chinese Presidents Donald Trump and Xi Jinping, the leaders of the two largest economies have agreed not to impose new tariffs from January 1, 2019, and pledged to continue negotiations to seek a way out of the ongoing trade war.
The dinner meeting between Trump and Xi on Saturday on the sidelines of the ongoing G20 Summit, lasted for two and half hours. Trump has also agreed to hold off on raising existing tariffs on $200 billion for 90 days, pending new talks.
US tariffs on $200 billion of Chinese goods were scheduled to increase from 10 per cent to 25 per cent starting January 1, 2019, In brief remarks at the outset of the meeting, Trump said the two leaders and their advisers would discuss a range of topics. “We’ll be discussing trade. And I think at some point, we’re going to end up doing something which is great for China and great for the United States,” he said.
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