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Post by bot on Jun 26, 2019 22:13:56 GMT -5
U.S., China reach tentative tariff truce: report
The U.S. and China have tentatively agreed to a tariff truce in order to resume trade talks, the South China Morning Post reported Thursday. Details will reportedly be announced ahead of Saturday's meeting between Presidents Donald Trump and Xi Jinping at the G-20 summit in Osaka, Japan. The deal is expected to avert Trump's threat to extend 25% tariffs to another $300 billion in Chinese exports. China reportedly demanded additional tariffs be delayed as a condition to returning to negotiations, and it is still possible Trump will change his mind, the SCMP said.
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