Caixin
Dec 02, 2018 09:55 AM
ECONOMY

Update: Xi and Trump Agree to Back Off on Additional Tariffs

China President Xi Jinping and U.S. President Donald Trump agreed to put threatened new tariffs on hold after their two-hour meeting at the Duhau Park Hyatt in Buenos Aires, Argentina, on Dec.1. Photo: VCG
China President Xi Jinping and U.S. President Donald Trump agreed to put threatened new tariffs on hold after their two-hour meeting at the Duhau Park Hyatt in Buenos Aires, Argentina, on Dec.1. Photo: VCG

* China and U.S. agreed to not to implement additional tariffs after Jan. 1. The two sides will follow up with negotiations to work toward elimination of all the tariffs

* China agreed to expand imports to fix the trade imbalance. The two sides also agreed to open markets to each other.

(Buenos Aires) — China President Xi Jinping and U.S. counterpart Donald Trump agreed to put threatened new tariffs on hold and keep negotiating a trade pact, following a dinner in Buenos Aires to address their trade conflict that many worry could dampen global economic growth.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
GALLERY
Copyright © 2017 Caixin Global Limited. All Rights Reserved.