US, China declare 90-day halt to new tariffs, White House says

G20: BRICS slam protectionism as China-US trade war dominate summit

That would still take effect if the sides can not agree to a larger trade deal within the three-month window.

"It's an incredible deal", Trump told reporters aboard Air Force One on the flight home to Washington, adding it would have an "incredibly positive impact" on American farmers. It should be according to the scheduled 90 days, no agreement, there will be an increase in the customs duties.

The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and other products from the United States to reduce America's huge trade deficit with China, the White House said.

In a meeting lasting two and a half hours, the United States agreed not to raise tariffs further on January 1, while China agreed to purchase more agricultural products from US farmers immediately.

"He's the toughest negotiator we've ever at the USTR and he's going to go chapter and verse and get tariffs down, non-tariff barriers down and end all these structural practices that prevent market access", White House trade adviser Peter Navarro told National Public Radio earlier on Monday.

Chinese president Xi Jinping will send a special envoy to attend Mexico's presidential inauguration, following the Chinese leader's talks with Donald Trump at the G20 summit.

"China will be opening up".

Trump's tweet did not explain which tariffs would be reduced or removed, or when China would act.

The U.S. imposes a 27.5-percent tax on imported cars and light trucks from China.

Klopp sorry for losing it after Merseyside derby victor
Wearing the armband for the first time in a Merseyside derby must have been a special feeling for van Dijk. We are on to something with Marco & Marcel, please keep the faith, the tide is turning, believe me.

Saudi Crown Prince, Bahrain's King Open New Oil Pipeline
Regional allies, meanwhile, have thrown their support behind the Crown Prince. The focus of the Human Rights Watch complaint is the Saudi-led war in Yemen.

How to watch Manchester United vs
Mourinho said defender Victor Lindelof would likely be out of action for "quite a while" with an injury. I want to play this game as a knockout game, that we have to win tomorrow.

USA officials will monitor Chinese progress on enforcing the commitments very closely, Kudlow said. First off, China and the US have a lot of disagreements, and three months is not a lot of time to solve them - especially since the two countries have been at it for over a year. Chinese regulators in July blocked Qualcomm's $44 billion takeover bid for its Netherlands-based rival, NXP Semiconductors NV.

Following the meeting, both sides proclaimed the meeting a success, with Trump pledging to pause the introduction of stricter trade measures ahead of further negotiations.

Before the meeting, Trump praised his close friendship with Xi.

He said the meeting with Trump was a "representation of our personal friendship".

During the meeting, Trump and Xi were seated across from each other in the middle of the table, surrounded by their respective delegations.

"Cooperation is the best option for the two countries" in promoting world peace and prosperity, Xi reportedly told the U.S. president at a working dinner, according to Xinhua. For decades, Beijing hasn't taken any concrete actions to fulfill its promises.

China's statement also placed greater emphasis on economic cooperation and restoring diplomatic relations, the kind of high-minded talk that for decades has been more typical of American presidents.

Beyond trade, Washington and Beijing find themselves increasingly entangled on hard-to-resolve issues. After the midterm elections, the number of Republican representatives from Iowa dropped from 3 to 1 in the US Congress. Iowa has always been a swing state, which Trump won over [during the 2016 US presidential election].

Related news:

loading...

Hot News

isis-killer-beheading-video-story-top Israeli Prime Minister under threat from third corruption case
Dec 03, 2018 - 09:51
The prime minister has argued that he is the victim of a left-wing and media conspiracy to topple his conservative government. Two of his top confidants have turned state witnesses and are believed to have provided police with incriminating evidence.

isis-killer-beheading-video-story-top Tyson Fury: 'I should have won, but my respects to Wilder'
Dec 03, 2018 - 09:45
Fury's veteran promoter Frank Warren is also keen for a rematch, calling for an open-air duel in Britain sometime in 2019. I showed good heart to get up. "I was representing everyone who suffers around the world.

isis-killer-beheading-video-story-top Proposal goes wrong; police to the rescue
Dec 03, 2018 - 09:44
NY police have reunited a young couple with their lost engagement ring after an epic search that spanned the globe. Both John and Daniella took to Twitter to express their delight and thank the NYPD officers involved.

isis-killer-beheading-video-story-top Mexico starts moving some migrants to new shelter
Dec 02, 2018 - 02:00
Department of Homeland Secretary Kirstjen Nielsen said this week that there are 8,500 spread across Tijuana and nearby Mexicali. US authorities are working on a new system to better record evidence if similar circumstances arise, the official said.

isis-killer-beheading-video-story-top Trade ties in G20 summit spotlight
Dec 02, 2018 - 01:57
China, in response, is threatening to impose taxes on an additional 5,000 types of American imports worth about $60 billion. President Donald Trump has criticized the WTO and taken aggressive trade policies targeting China and the EU.

isis-killer-beheading-video-story-top Former Trump lawyer Michael Cohen pleads guilty to lying to Congress
Nov 30, 2018 - 01:37
President Donald Trump says his former lawyer Michael Cohen is a " weak person " who is "lying" to get a reduced sentence. He previously identified individual 1 as Trump. "Mr Cohen will continue to co-operate".

isis-killer-beheading-video-story-top Google Fi network adds support for iPhones (and most Android phones)
Nov 29, 2018 - 00:29
Regardless of what phone you want to buy from Google Fi , you can receive free travel gift cards matching its price (up to $999). Long story short, the only way to use Project Fi to its fullest across multiple partner networks is to buy a phone from Google.

isis-killer-beheading-video-story-top Trump Slams UK Brexit Deal But What's in it for Him
Nov 28, 2018 - 01:03
She added that the government had already been "laying the groundwork" for an "ambitious" trade agreement with the US. The vote in parliament is scheduled for December 11.

isis-killer-beheading-video-story-top Mueller says ex-Trump campaign chairman Manafort lied to Federal Bureau of Investigation
Nov 28, 2018 - 01:02
Cevallos said the special counsel likely had evidence to prove Manafort - or possibly even the president - lied to investigators. He'll be sentenced in February in his criminal case in Virginia, which he took to trial and lost.

isis-killer-beheading-video-story-top MS senator banking on boost from Trump rallies
Nov 28, 2018 - 01:02
Trump heads to MS on Monday to campaign for Hyde-Smith - his second trip to the state on the senator's behalf since October. In the heavily Republican state, Hyde-Smith had always been seen as the prohibitive favorite in the race.

isis-killer-beheading-video-story-top Google Pixel 3 lite photographed next to original Pixel, several iPhones
Nov 28, 2018 - 01:01
The mid-range Pixel smartphone will look a lot like the Pixel 3 but expectedly with a single camera setup on the front. We recently reported that there might be another Pixel 3 device that Google skipped during their launch event.

isis-killer-beheading-video-story-top NASA's Insight Mission: When will it land and why should we care?
Nov 27, 2018 - 00:46
And don't expect a flurry of data just after landing today: InSight's science work won't begin in earnest for several months . The spacecraft will then send out two signals-one to say it has landed then another to confirm it was a successful touchdown.

isis-killer-beheading-video-story-top Border Patrol Arrests 42 Migrants While Mexico Deports Others
Nov 27, 2018 - 00:34
He says almost 1,000 people rushed vehicle lanes and went around the border crossing to try to get into the US on Sunday. Mexico is on track to send a total of around 100,000 Central Americans back home by the end of this year.

isis-killer-beheading-video-story-top GM to close plant in Ontario, eliminating 2,500 jobs
Nov 27, 2018 - 00:33
Brown also said it is clear that GM doesn't respect the workers at Lordstown and is demanding answers from the company. Both U.S. vehicle assembly plants scheduled to stop production next year now build slow-selling passenger cars.

isis-killer-beheading-video-story-top Chelsea FC: Kante makes the difference for us - Sarri
Nov 25, 2018 - 22:31
The trio of Martial, Lukaku, Paul Pogba and Marouane Fellaini are available for selection despite opting out worldwide duty over injury concern but Shaw is out suspended.