Donald Trump and Xi Jinping pledged not to impose new tariffs for three months.

60 Views | Dec 3, 2018


Donald Trump and Xi Jinping pledged not to impose new tariffs for three months.

The White House said on Saturday that China and the United States have agreed to no longer impose new tariffs on the two countries conducting trade negotiations with the aim of reaching an agreement within 90 days of negotiations in Argentina between US Presidents Donald Trump and Chinese Xi Jinping.

The White House said Trump had agreed not to raise tariffs on Chinese goods worth $ 200 billion to 25 percent as of Jan. 1, as previously announced, and that China had decided to 'buy an unspecified but "very important" amount of agricultural, industrial and energy products and other products.

The White House also said China was "ready to approve the Qualcomm agreement, which had not yet been approved, and that if no agreement is reached within 90 days with China on such trade issues technology transfer, intellectual property, non-tariff barriers, electronic theft and agriculture, both parties agree to raise tariffs from 10% to 25%.

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