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U.S., China agree trade war ceasefire after Trump, Xi summit

Reuters  |  BUENOS AIRES 

By Roberta Rampton and Michael MartinaBUENOS AIRES (Reuters) - China and the United States agreed to a ceasefire in their bitter trade war on Saturday after high-stakes talks in Argentina between U.S. President Donald Trump and Chinese President Xi Jinping, including no escalated tariffs on Jan. 1.Trump will leave tariffs on $200 billion worth of Chinese imports at 10 percent at the beginning of the new year, agreeing to not raise them to 25 percent "at this time", the White House said in a statement."China will agree to purchase a not yet agreed upon, but very substantial, amount of ...

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First Published: Mon, December 03 2018. 08:53 IST