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China-US trade war truce a first step towards resumption of normal trade relations
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The agreement struck between President Xi Jinping and President Donald Trump over a steak dinner on Dec 1, 2018, marks a significant de-escalation in tensions between the world's two largest economies and lays a framework for future talks and negotiations.
PHOTO: REUTERS
BEIJING - China and the United States have called a truce in their trade war after their leaders reached a compromise at their dinner meeting following the Group of 20 (G-20) Leaders' Summit in Argentina.
In a statement, the White House said the US has agreed to put on hold additional tariffs, with China agreeing to purchase more American products to reduce the trade imbalance between both countries.
