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Trump holds out possible extension on 90-day China trade truce

Reuters  |  WASHINGTON 

(Reuters) - U.S. on Tuesday held out the possibility of an extension of the 90-day trade truce he and Chinese agreed on over the weekend that would freeze tariffs while a broader deal is negotiated.

"The negotiations with have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with Xi in Argentina," Trump said on

Trump and Chinese President on Saturday agreed to the ceasefire in a trade war that has seen the flow of hundreds of billions of dollars worth of goods between the world's two largest economies disrupted by tariffs.

The two leaders said they would hold off on imposing additional tariffs for 90 days starting Dec. 1 while they seek a solution to their trade disputes.

The expects to take immediate action to cut tariffs on U.S. and end intellectual property theft and forced as the two countries move toward a broader trade deal, Larry Kudlow, of the National Economic Counci, said on Monday.

The appointment of U.S. Trade to lead the talks instead of puts one of the administration's toughest critics in charge. Trump said in post that Lighthizer would work closely with Mnuchin, Kudlow and

(Reporting by Doina Chiacu; Editing by and Chizu Nomiyama)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Tue, December 04 2018. 20:34 IST