US, China declare trade war ceasefire after Trump-Xi summit

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US will hold off on raising China tariffs to 25% as Trump and Xi agree to a 90-day trade truce

Chinese President Xi Jinping and U.S. President Donald Trump put their bilateral trade war on pause momentarily, striking an agreement to hold off on slapping additional tariffs on each other’s goods after January 1, as talks continue between both countries.

In a White House readout of a dinner at the G-20 summit in Argentina, Xi and Trump discussed a range of nettlesome issues ‘ among them the trade dispute that has left over $200 billion worth of goods hanging in the balance.

“President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10 percent rate, and not raise it to 25 percent at this time,” the statement read. Over the next 90 days, American and Chinese officials will continue to negotiate lingering disagreements on technology transfer, intellectual property and agriculture.

  • Publisher: CNBC
  • Date: 2018-12-01T20:15:47-0500
  • Author: Author link
  • Twitter: @CNBC
  • Citation: Web link

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Trump meets with Xi at bilateral dinner

President Trump praises former President George H.W. Bush, acknowledges ‘special relationship’ with Chinese President Xi at working dinner in Buenos Aires, Argentina.

The Observer view on Donald Trump’s growing list of failures

Trump’s domineering, chief executive style, inimical to open discussion and hostile to challenge, sits uneasily within a democratic system where any president must be answerable to voters, their elected representatives and the media. It also means he must always be right. Many Americans, not least his fabled ‘base’ of predominantly white, working-class and rural voters, seem ready to accept Trump is not always truthful. But they will not accept failure ‘ and Trump’s list of failures is lengthening.

If Cohen and a host of other witnesses who have given evidence to the FBI investigation led by special counsel, Robert Mueller, are to be believed, Trump and/or his sons, family and business associates, despite their denials, maintained undisclosed connections with Vladimir Putin’s Russia when Trump was a candidate in 2016 and even, perhaps, after he won the election.

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  • Publisher: the Guardian
  • Date: 2018-12-02T06:00:26.000Z
  • Author: Observer editorial
  • Twitter: @guardian
  • Citation: Web link

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Trump should stay tough on China at the G-20 | TheHill

But that would be a mistake for the United States. Critics are undoubtedly upset about the global impact of President Trump’s tariffs on China. But the overriding fact is that China has simply made no effort to halt its ongoing pattern of aggressive, predatory trade. And until Beijing changes course, any diplomatic chit-chat would simply be a distraction.

If the G-20’s members want to do something constructive in the global trade arena, they should speak out on China’s long-standing violations of global trade law, including massive subsidies, hacking, intellectual property theft and currency manipulation.

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