President Donald Trump and Chinese counterpart Xi Jinping agreed Saturday (June 29) to resume high-level negotiations for a landmark new trade agreement, a development they hope will end a trade war that has roiled markets and raised prices worldwide.
USA Today reported that the new talks are designed “to see if we can make a deal,” Trump told reporters at the end of the G-20 summit in Japan.
Trump, who said he will hold off on new tariffs on China as talks progress “at least for the time being,” also announced that China agreed to buy more agriculture products from the United States.
American farmers, a politically important group, have been hit particularly hard by the China trade war.
Neither Trump nor China disclosed any concessions they might be willing to make in negotiations that have stalled in the past.
Nor did they put a timeline or deadline on new negotiations.
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