Osaka, Japan – China's President Trump and Xi Jinping agreed to resume trading talks on Saturday to avert an escalation feared by financial markets, corporations and farmers. "We will work with China, where we left off," he said.
Mr. Trump said existing US tariffs would remain in place against Chinese imports while negotiations are continuing, butwhich he threatens to knock on other Chinese goods will not come into effect for the time being.
Mr. Trump spoke after a long meeting with Xi on the sidelines of Group 20 Summit in Osaka. The US president said that relations with China are "on the right track", but there are still doubts about the two nations' willingness to compromise on a long-term solution.
The apparent truce continues a pattern for the talks between Mr. Trump and Xi.
Eleven talks have not reached the end of the stalemate. The US has raised 25% of its import taxes to $ 250 billion on Chinese products and threatens to target another $ 300 billion ̵
China has beaten back $ 110 billion
The meeting of the two leaders on Saturday was for Mr. Trump the focus of four days of diplomacy in Asia. Reelection opportunities are hit by the trade war that hit American farmers and the global Markets affected, endangered. Tensions increased after the negotiations collapsed last month. Trump said the talks with Xi were "probably even better than expected."
Both leaders sat at a long table flanked by top aides.
"We had a" We want to do something, however, to balance trade. "
Xi, in turn, told of the era of" ping-pong diplomacy "" This has contributed to the relationship between the two generations To stimulate the USA and China. Since then, he said, "One fundamental fact remains unchanged: China and the US both benefit from cooperation and lose in confrontation."
"Cooperation and dialogue are better than friction and confrontation," he added, and the US is arguing over the Trump government's claims that Beijing is stealing technology and forcing foreign companies to hand over trade secrets. China denies participating in such practices. The US has also sought to mobilize other nations to stop Chinese telecommunications company Huawei from their upcoming 5G systems by denouncing the company as a national security threat and banning the purchase of American technology.
Mr. Trump said he would allow US companies to sell their products to Huawei on Saturday, but he was not ready to strike the company off a trading blacklist. The move could lead to a setback from the Democrats and the congressional leadership.