China and the US agree not to impose new tariffs as of January 1

China and the US agree not to impose new tariffs as of January 1



China and the United States agreed that no new tariffs will be imposed as of January 1 and pledged to continue negotiations to seek a way out of the open trade war between the two powers, Chinese state broadcaster CCTV reported on Monday.

The agreement came after the two and a half hour meeting of Chinese President Xi Jinping and the American Donald Trump in Buenos Aires at the end of their participation in the G20 summit.

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