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- US President Trump says China trade talks 'back on track,' new tariffs on hold
US President Trump says China trade talks 'back on track,' new tariffs on hold
The United States and China agreed on Saturday to restart trade talks after President Donald Trump offered concessions including no new tariffs and an easing of restrictions on tech company Huawei in order to reduce tensions with Beijing.
China agreed to make unspecified new purchases of U.S. farm products and return to the negotiating table, Trump said. No deadline was set for progress on a deal, and the world’s two largest economies remain at odds over significant parts of an agreement.
“We’re right back on track,” Trump told reporters after meeting with Chinese President Xi Jinping at a G-20 summit. “We’re holding back on tariffs and they’re going to buy farm products,” Trump said.
Trump tweeted hours later that the meeting with Xi went “far better than expected.” “The quality of the transaction is far more important to me than speed,” he tweeted. “I am in no hurry, but things look very good!”
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