• search
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Trump, Xi calls ceasefire in trade war at G20 talks

    |

    Buenos Aires, Dec 3: While the cancellation of US President Donald Trump's meeting with his Russian counterpart Vladimir Putin at the recently held G20 summit in the Argentianian capital was a low point, his successful meeting with Chinese President Xi Jinping was undoubtedly a high moment.

    Trump, Xi calls ceasefire in trade war at G20 talks

    Trump and Xi met over dinner on the sidelines of the summit on Saturday, the concluding day, and decided to stop the escalation of the trade war with a promise of not imposing new tariffs for a period of 90 days.

    Also Read | China, US agree no new tariffs 'after January 1'

    The leaders of the world's two biggest economies that have been at loggerheads over trade of late, also agreed to intensify their trade-related interactions, Chinese Foreign Minister Wang Yi informed the media hours later here.

    "Both sides believe that the principled agreement reached between the two presidents has effectively prevented the further expansion of economic frictions between the two countries," he was quoted as saying.

    Also Read | G20 Summit: Moscow disappointed over cancellation of Trump-Putin talks

    Washington called the meeting "highly successful" and said that the US will leave the existing tariffs on Chinese goods worth $200 billion at 10 per cent and stop short of raising the rate to 25 per cent as planned on January 1, 2019.

    For Daily Alerts

    For Breaking News from Oneindia
    Get instant news updates throughout the day.

    Notification Settings X
    Time Settings
    Done
    Clear Notification X
    Do you want to clear all the notifications from your inbox?
    Settings X
    X
    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more