'Armistice' in trade dispute between US and China

buenos aires - Chinese president Xi Jinping and his American counterpart Donald Trump have agreed on Saturday evening during a working dinner in Buenos Aires not to introduce any new import duties for the time being. They resume trade negotiations with the aim of reaching an agreement within ninety days.

A spokesperson for the White House confirmed that in the Chinese media, the US is temporarily refraining from a tariff increase planned for 1 January. Trump wanted to increase the import levies on a total of 200 billion dollars (176 billion euros) in Chinese goods from 10 percent to 25 percent. According to the spokesman, China agreed in exchange to buy a 'very substantial' amount of American products, including agricultural and industrial products and energy.