Saturday, June 29, 2019

"Donald Trump, Xi Jinping agree to trade war truce and to resume talks after G20 summit meeting"

Two from the South China Morning Post. First up, the headline story:
  • North Korea, Taiwan and students also discussed in Osaka, Japan
  • Chinese leader tells US counterpart that Beijing must protect its ‘core interest’, Xinhua reports
Chinese President Xi Jinping and his US counterpart Donald Trump have wrapped up their high-stakes summit at the G20 in Osaka, Japan, with the American leader saying the outcome was “better than expected”, and China saying the US had agreed not to impose any further tariffs on its goods.
When asked about the talks, Trump said it was a “very, very good meeting, better than expected”.
“We’re right back on track,” he said, without elaborating.
China’s state news agency Xinhua said the two leaders had agreed to resume economic and trade negotiations, and that the US said it would not impose any new tariffs on Chinese products.

It had been widely expected that the two world’s two largest economies would agreed to another truce – as they did after Xi and Trump met in Buenos Aires in December – but the news will still have come as a relief to investors and helped to allay fears of a further deterioration of China-US relations.
Trump had threatened to impose tariffs on a further US$300 billion worth of Chinese products if Xi did not meet him in Japan or if the talks failed to produce a tangible result....MUCH MORE
As it happened: Donald Trump confirms US companies can continue to sell to Huawei during G20 press conference