Thursday , August 11 2022

US, China agree to address trade disputes; to hold proposed increased tariffs from next month pending new talks

The US  President Donald Trump and his Chinese counterpart Xi Jinping,  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.

This follows a highly successful meeting in Buenos Aires between the leaders of the two largest economies.

Trump has also agreed to hold off on raising existing tariffs on 200 billion Dollars for 90 days, pending new talks.

US tariffs on 200 billion Dollars of Chinese goods were scheduled to increase from 10 per cent to 25 per cent starting January 1, 2019

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