G20 summit: Trump and Xi agree to restart US-China trade talks

G20 summit: Trump and Xi agree to restart US-China trade talks
  • Clock-gray 11:22
  • calendar-gray 29 June 2019

The United States and China have agreed to resume trade negotiations, easing a protracted row that has fuelled a global economic slowdown, APA reports citing BBC.

US President Donald Trump and Chinese President Xi Jinping reached the agreement on the sidelines of the G20 summit in Japan.

Trump said the talks had been "excellent". He had threatened to impose an additional $300bn (£236bn) in tariffs on Chinese imports.

However after the meeting in Osaka, he confirmed that Washington would not be adding the additional tariffs, and that he would continue to negotiate with Beijing "for the time being".

US and China - the world's two largest economies - have been fighting a damaging trade war over the past year. Trump accused China of stealing intellectual property and forcing US firms to share trade secrets in order to do business in China.

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