The U.S. and China have agreed to restart trade talks, and the Trump administration will hold off for now adding new and costly tariffs on some $300 billion in Chinese imports.
NPR reported that President Trump announced the trade truce after an 80-minute meeting with Chinese President Xi Jinping on the sidelines of the Group of 20 summit in Osaka, Japan.
“Basically we agreed today that we’re going to continue the negotiation,” Trump told reporters Saturday. “We’re going to work with China on where we left off to see if we can make a deal.”
In exchange, Trump said China had agreed to increase its purchases of U.S. agricultural products.
“We’re holding on tariffs, and they’re going to buy farm product,” Trump said.
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