G-20 Summit: Xi Jinping, Donald Trump agree on trade war truce during dinner; no new tariffs ‘after January 1’

Prime News, International (Buenos Aires), December 2:- US President Donald Trump and his Chinese counterpart Xi Jinping have reportedly agreed to end several months of tensions over the ongoing trade war between the two countries and decided to put on hold new tariffs after January 1, the Chinese state media reported on Sunday.

The China Daily and Chinese international broadcaster CGTN both said that President Trump and his counterpart Jinping agreed to halt tariffs “after January 1” – when Washington has been set to impose USD200 billion in new tariffs.

Though the White House didn’t immediately comment on the outcome of the meeting on the sidelines of the G20 summit in Buenos Aires, senior Trump adviser Larry Kudlow said that it went “very well”.

Earlier, Trump and Xi at down with cautious optimism to a working dinner here amid hopes of making some progress in winding down the trade war between the two countries that affect the global economy.

“At some point, we’re going to end up doing something that is great for China and great for the US. The relationship is very special,” Trump told reporters at the beginning of the dinner, Efe reported.

Xi, seated facing Trump and flanked by a dozen of his advisers at a long rectangular table, noted his “personal friendship” with the US president and expressed a wish to collaborate with him in order to guarantee prosperity for the global economy.

“Only with cooperation between us can we serve the interests of world peace and prosperity,” Xi said in his brief statements.

The US President noted that Saturday’s meeting was very important and also spoke of his “incredible relationship” with Xi. (MR, Inputs: Agencies).

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