U.S Holds off on further traiffs on chineses goods, grants relief to Huawei
Deal Done: President Donald Trump with Chinese President Xi Jinping in Osaka, Japan.
U.S. President Donald Trump and his Chinese counterpart Xi Jinping struck a trade war truce on Saturday, as Washington vowed to hold offon further tariffs, allow American companies to sell equipment to Chinese tech giant Huawei and declared that trade negotiations with China were “back on track”.
The ceasefire that halts damaging trade frictions came in a hotly anticipated meeting between the leaders of the world’s top two economies on the sidelines of the G20 summit in Osaka, Japan.
Mr. Trump hailed the meeting as “excellent.” “We are right back on track,” he added.
There was little in the way of concrete details of what was agreed, but Mr. Trump confirmed Washington had committed not to impose any new tariffs on Beijing’s exports and the two sides would continue talks.
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