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’Ceasefire’ in handelsconflict between US and China

BUENOS AIRES – Chinese president Xi Jinping and his Us ambtsgenoot Donald Trump have Saturday night during a dinner debate organised in Buenos Aires agreed to will be no new tariffs. They resume the negotiations, with the aim of within ninety days to reach an agreement.

The meeting between Xi and Trump took almost 2.5 hours, which was longer than planned.

A White House spokesman confirmed reports in the Chinese media that the US is provisionally waiving for 1 January planned rate increase. Trump wanted the tariffs on a total of $ 200 billion (176 billion euros) as Chinese goods are increasing 10 percent to 25 percent. China has, according to the spokesman, in exchange, agreed to a “very substantial” amount of U.s. products, including agricultural and industrial products and energy.

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Reach both countries within ninety days of an agreement on intellectual property, agriculture, cyberdiefstal and trade barriers, the proposed American tariff increase as still in.

The meeting between Xi and Trump took almost 2.5 hours, which was longer than planned. The economic adviser to Trump, Larry Kudlow, said that the meeting “very good” was expired. According to the South China Morning Post brought delegates after the two presidents at a standing ovation.

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