china show: Quick guide Lowdown on trade war truce between US and China Show Hide What are the terms of the truce between the US and China Washington agreed to postpone by 90 days the increase in tariffs from 10% to 25% on 200bn of Chinese goods, due to kick in on 1 January, while China pledged to import more US products, including according to Washington farm, energy and industrial products, according to The Guardian. This should help shrink the US trade deficit with China. Trump said their dinner after the G20 summit in Buenos Aires was an amazing and productive meeting with unlimited possibilities for both the United States and China . A statement by the White House spokeswoman, Sarah Sanders, issued as Trump was on his way back to Washington, listed concessions the Chinese president was said have made, including stopping Chinese exports to the US of fentanyl, a synthetic opioid, and the death sentence for convicted traffickers. Trump tweeted that China had also agreed to reduce and remove tariffs on US car imports from the current 40% level but there was no confirmation from Beijing. This is seen as a temporary respite in the trade spat between Washington and Beijing, which started in June after talks broke down. So has the trade war ended No.
(news.financializer.com). As
reported in the news.
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