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China-US trade war

China-US trade war
Issue Time:2018-12-04

At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $200bn (£157bn) of Chinese goods from 10% to 25% on 1 January.

China will buy a "very substantial" amount of agricultural, industrial and energy products, the US says.

Meanwhile, Beijing says the two sides agreed to open up their markets.

The Trump and Xi deal: A temporary truce

It was the first face-to-face meeting between the two leaders since a trade war erupted earlier this year.

The dispute broke out after Mr Trump complained China was doing nothing to cut its large surplus in bilateral trade.

At the summit in Argentina's capital earlier on Saturday, the G20 leaders agreed a joint declaration that notes divisions over trade but does not criticise protectionism

What are the details of the US-China accord?Mr Trump and Mr Xi held a "highly successful meeting", the White House says in a statementIt says the US tariffs on Chinese goods will remain unchanged for 90 days, but warns: "If at the end of this period of time, the parties are unable to reach an agreement, the 10 percent tariffs will be raised to 25 percent."

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