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President Donald Trump and China’s Xi Jinping agreed to another truce in their trade war Saturday, removing an immediate threat looming over the global economy even as a lasting peace remains elusive.
The two sides have agreed to restart trade negotiations that broke down last month, Xinhua News Agency reported, adding that the U.S. agreed to put no new tariffs on Chinese goods. Trump said the U.S. would release a statement around 3:30 p.m. local time.
“We had a very good meeting with President Xi of China,” Trump told reporters after the meeting on the sidelines of the Group of
