Donald Trump has agreed a 90-day ceasefire on new tarifs with Chinese President Xi Jinping in a “highly successful meeting” at the G20, amid an escalating trade war between their nations.
The two world leaders met last night for a dinner meeting to discuss trade at the sidelines of the Group of 20 leaders’ summit.
They spoke for around 2 and a half hours and the discussion ended with Trump agreeing to hold off on raising existing tariffs on $200billion pending new talks.
Trump had previously planned to raise tariffs on certain Chinese goods to 25 percent on January 1, but revoked this plan as a result of the talks.
At Trump’s request, China agreed to label fentanyl a controlled substance due to its contribution to the US opioid crisis.