Trump 'Halts' Trade War: China Agrees to Buy 'Very Substantial Amount' of US Goods, Regulate FentanylChris Menahan
Dec. 02, 2018
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President Donald Trump agreed to temporarily halt planned additional tariffs against China after President Xi agreed to regulate fentanyl and purchase "a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the US."
"Both parties agree that they will endeavor to have this transaction completed within the next 90 days," The White House said in a statement released Saturday. "If at the end of this period of time, the parties are unable to reach an agreement, the 10% tariffs will be raised to 25%."
Full statement via WhiteHouse.gov:
The President of the United States, Donald J. Trump, and President Xi Jinping of China, have just concluded what both have said was a “highly successful meeting” between themselves and their most senior representatives in Buenos Aires, Argentina.Follow InformationLiberation on Twitter, Facebook, Gab and Minds.