President Trump reaches truce with Chinese officials

President Trump reaches truce with Chinese officials

The White House said intellectual property rights was one of the areas where China agreed to negotiate further, but it did not say whether it had been discussed at the meeting. UN Secretary-General Antonio Guterres said in Buenos Aires that this is "a make it or break it moment" for climate change.

"The principal agreement has effectively prevented further expansion of economic friction between the two countries and has opened up new space for win-win cooperation", Chinese Foreign Minister Wang Yi said. Since trade tensions have escalated under Trump, China has radically reduced its import of U.S. soy beans and other farm products, with direct impact on farmers in the USA mid-west where Trump has drawn much of his political support. "It will have an incredibly positive impact on farming, meaning agriculture, industrial products, computers, every type of product".

"If at the end of this period of time, the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%", it added.

Trump has hit back at this so-called "China 2025" plan as a threat, accusing Beijing of stealing United States technologies.

"The hard part is finding the basis for a real deal that settles the broader issues rather than agreeing on a pause", Setser said.

Indeed, the truce is only partial.

Both sides have imposed tariffs on billions of dollars' worth of goods. "China thought it had a deal with the Trump administration back in May, which included a pledge to buy more US energy and agriculture".

Trump also has warned he could slap punitive duties on the remaining $267 billion in Chinese goods coming to the United States.

And Saturday's truce also contained an ultimatum. It was agreed in the truce only that the United States will not raise tariffs a further 25 per cent on Jan 1, and the negotiation window is for only 90 days.

After months of sabre-rattling, however, Trump praised an "amazing and productive" meeting with Xi at the G20 on Saturday, and Chinese state mouthpiece Xinhua news agency said the outcome in Buenos Aires "needs to be cherished".

Mr Trump had earlier said the pair shared a "very special" relationship.

US President Donald Trump and Chinese President Xi Jinping held talks in Argentina in an attempt to thaw the trade war between their countries that has rumbled on throughout 2018. Both leaders can go home and tell their people they have accomplished something.

Xi stated that they shared tremendous responsibility to find a solution.

Xi replied referencing the men's "personal friendship" and that they must cooperate for "world peace and prosperity".

Dessert: Caramel rolled pancakes, crispy chocolate, and fresh cream.

Mr. Trump met with German Chancellor Angela Merkel earlier on Saturday.

Some analysts said the talks had made important progress on cooperation on the North Korean nuclear program and restricting illicit Chinese shipments to the USA of the addictive opioid fentanyl, but did not represent a breakthrough in commercial diplomacy. "Both sides avoided the worst-case scenario". The White House characterized that encounter as an informal chat, but Putin gave it more significance.

He said: "We have agreed on a statement that reflects the necessity of revitalising trade, of revitalising the WTO".

Navarro's inclusion in particular was a surprise as he has harshly criticised China, accusing its leadership of duplicity.

Language regarding immigration was also allegedly watered down to appease Trump.

The climate accords sets targets for countries to reduce carbon emissions to fight global warming and keep global temperatures under 2 C. President Donald Trump announced in June 2017 that the US was immediately canceling its participation in the accords.

Trump may come under pressure once scrutiny of the cease-fire reveals that Xi got off "without yielding any meaningful concessions", said Brock Silvers, managing director of Shanghai-based investment advisory Kaiyuan Capital.

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