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The two-and-a-half-hour dinner shared by #Xi Jinping and Donald #Trump in Argentina #G20, where they repeatedly emphasized their great friendship, has ended with an apparent ‘trade truce’.
The leaders have reached a consensus that trade talks should continue and have agreed not to impose any additional tariffs, at least for now.
“President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10% rate, and not raise it to 25% at this time," the White House said in a statement.
For its part, Beijing has consented to purchase a “very substantial amount” of American agricultural, energy and industrial products, to reduce the trade imbalance between the two countries, which amounted to $375 billion last year. While the list of American items to be purchased by Beijing has yet to be finalized, #China agreed to start purchasing “agricultural product from our farmers immediately,” the US administration claimed.
The leaders have reached a consensus that trade talks should continue and have agreed not to impose any additional tariffs, at least for now.
“President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10% rate, and not raise it to 25% at this time," the White House said in a statement.
For its part, Beijing has consented to purchase a “very substantial amount” of American agricultural, energy and industrial products, to reduce the trade imbalance between the two countries, which amounted to $375 billion last year. While the list of American items to be purchased by Beijing has yet to be finalized, #China agreed to start purchasing “agricultural product from our farmers immediately,” the US administration claimed.
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President Trump and President Xi Jinping meeting for the first time in over a year discussed halting the U.S., China trade from escalating further, and it worked!
Read About The Deal They Made Here: http://poordonkey.com/china-trade-truce/
#China #Farmers #Maga #PresidentXi #Soybean #Tariffs #Trade #TradeWar #Truce #Trump #US #Xi #XiJinping
http://poordonkey.com/china-trade-truce/
Read About The Deal They Made Here: http://poordonkey.com/china-trade-truce/
#China #Farmers #Maga #PresidentXi #Soybean #Tariffs #Trade #TradeWar #Truce #Trump #US #Xi #XiJinping
http://poordonkey.com/china-trade-truce/

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President Trump and President Xi Jinping meeting for the first time in over a year, discussed halting the U.S., China trade from escalating further, and it worked!
The White House called the Trump-Xi meeting "highly successful," with both sides agreeing to a trade truce.
CLICK THE PICTURE/LINK TO READ MORE: http://bluepillsheep.com/president-trump-xi-declare-trade-truce/
#China #Farmers #Maga #PresidentTrump #PresidentXi #Soybean #Tariffs #Trade #Tradewar #Truce #Trump #US #Xi #XiJinping
The White House called the Trump-Xi meeting "highly successful," with both sides agreeing to a trade truce.
CLICK THE PICTURE/LINK TO READ MORE: http://bluepillsheep.com/president-trump-xi-declare-trade-truce/
#China #Farmers #Maga #PresidentTrump #PresidentXi #Soybean #Tariffs #Trade #Tradewar #Truce #Trump #US #Xi #XiJinping
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Truce between #Trump, #Xi may give emerging-market traders a reason to cheer
https://www.business-standard.com/article/international/truce-between-trump-xi-may-give-emerging-market-traders-a-reason-to-cheer-118120300200_1.html?utm_source=SEO&utm_medium=DS
https://www.business-standard.com/article/international/truce-between-trump-xi-may-give-emerging-market-traders-a-reason-to-cheer-118120300200_1.html?utm_source=SEO&utm_medium=DS
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#US, #China's trade war truce gives #Trump, Xi some political breathing room
https://www.business-standard.com/article/international/us-china-s-trade-war-truce-gives-trump-xi-some-political-breathing-room-118120300115_1.html?utm_source=SEO&utm_medium=NB
#XI #Political
https://www.business-standard.com/article/international/us-china-s-trade-war-truce-gives-trump-xi-some-political-breathing-room-118120300115_1.html?utm_source=SEO&utm_medium=NB
#XI #Political
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Russian Could Become Next #Interpol President
#China #Russia #Xi #Putin #Prokopchuk #Weng #RedNotice #Beijing #Corruption
#China #Russia #Xi #Putin #Prokopchuk #Weng #RedNotice #Beijing #Corruption
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#Tradewar escalation 'most likely' outcome of #Trump #Xi meet at #G20Summit: Goldman https://www.business-standard.com/article/international/trade-war-escalation-most-likely-outcome-of-trump-xi-meet-at-g20-goldman-118113000188_1.html?utm_source=SEO&utm_medium=DS
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#Trump and #Xi could hold much of #globaltrade in their hands as they meet this weekend in Buenos Aires: http://ow.ly/RqY530mKVW5
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