China says it will carry out tariff cease-fire with US

Trump at the G20 leaders summit in Buenos Aires Argentina

Trump at the G20 leaders summit in Buenos Aires Argentina

US President Donald Trump and China's President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing November 9, 2017.

China's ultimate goal during the 90-day trade talks is to remove all USA tariffs imposed on Chinese goods, Gao said.

The White House said that the U.S. has agreed that the tariffs on $200 billion worth of product will remain at 10% until January 1st 2019 and that China "will agree to purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other product from the United States to reduce the trade imbalance between our two countries".

Trump on Sunday, December 2, said China also would "reduce and remove" tariffs of 40 percent on cars, though Beijing has yet to confirm the move.

"China will immediately implement the consensus both sides already reached on agricultural products, energy, autos and other specific items", commerce ministry spokesman Gao Feng said at a regular press briefing.

More news: Hawaiian Monk Seal Gets Eel Stuck Up Its Nose
More news: Huawei Finance Chief's Arrest Threatens To Inflame U.S.-China Tensions
More news: Cheteshwar Pujara's application on an Adelaide wicket boosts India's performance

The two countries have hit each other with tit-for-tariffs on goods worth hundreds of billions of dollars in sectors from automobiles to agriculture and energy, stymying trade and redrawing global supply chains.

China yesterday appeared to try to ease concerns by saying it would "immediately" implement measures agreed under the truce. "In the next 90 days we will work in accordance with the clear timetable and road map to negotiate in areas where both sides have an interest and there are mutual benefits, such as intellectual property rights protection, technology cooperation, market access, and the trade balance". It would also begin buying products from United States farmers "immediately", the United States said.

The United States has levied additional duties of between 10 percent and 25 percent on $250 billion of Chinese goods this year as punishment for what it calls China's unfair trade practices.

"Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina", Trump tweeted.

Trump also warned this week of more tariffs if the two sides could not resolve their differences.

Recommended News

  • Liverpool set Premier League defensive record in Burnley win

    Liverpool set Premier League defensive record in Burnley win

    Speaking at his post-match media conference about the severity of Gomez's injury, Klopp said: "It was his ankle". You get the ball, nice, but it's like bowling.
    Trump Says He'll Nominate William Barr To Return As Attorney General

    Trump Says He'll Nominate William Barr To Return As Attorney General

    At least one other contender who has received serious consideration from the White House, according to the person, is Rep. Rove noted Barr respects Mueller, who led the FBI's criminal division when the former was AG under Bush.
    Luxembourg eyes free public transport

    Luxembourg eyes free public transport

    In a bid to ease the pressure on the country's road network, all public transport tickets will be abolished from summer 2019. Soon, all public transport in Luxembourg will be free as fares for trains, trams, and buses are lifted next summer.
  • Lamar leads Grammy noms, where women make a comeback

    Lamar leads Grammy noms, where women make a comeback

    Daniel Caesar)"PJ Morton - "First Bega" Best R&B SongElla Mai - "Boo'd Up" Miguel - "Come Through and Chill (ft". The Carters did get nominations for Best Urban Contemporary Album , Best R&B Performance and Best Music Video .
    First Baby Born Using Uterus Transplanted From Deceased Donor: Doctors

    First Baby Born Using Uterus Transplanted From Deceased Donor: Doctors

    A Brazilian woman was the first to give birth after receiving a womb transplant from a deceased donor , Reuters reported. However, he cautioned: "Uterine transplantation is a novel technique and should be regarded as experimental".
    Marcos ROJO plays in first Manchester United match against Arsenal since May

    Marcos ROJO plays in first Manchester United match against Arsenal since May

    Wolves registered their first win in seven games despite going behind to Ruben Loftus-Cheek's 18th minute opener for Chelsea. Klopp sent on Salah and Firmino soon after James Milner equalized in the 62nd, and they made an immediate impression.
  • Kevin Hart faces scrutiny after old homophobic tweets surface

    Kevin Hart faces scrutiny after old homophobic tweets surface

    He refused to apologize and made a decision to step down as host, he said in a post at midnight Eastern time on Twitter . A representative for the academy did not immediately respond to messages after Hart stepped down.
    Offset's alleged mistress apologizes to Cardi B

    Offset's alleged mistress apologizes to Cardi B

    Summer Bunni , the woman who Cardi B's husband, Offset , allegedly cheated on her with, has tearfully apologised to the rapper. In fact, Cardi told the world in her own Instagram vid , "Things just haven't been working out between us for a long time".
    Huawei executive arrested by Canadian officials at United States  request

    Huawei executive arrested by Canadian officials at United States request

    Meng faces extradition to the US , where investigators are probing Huawei's alleged non-compliance with sanctions on Iran. The timing of the arrest could not have come at a worse time for Huawei.
  • Merkel ally Kramp-Karrenbauer elected new CDU leader

    Merkel ally Kramp-Karrenbauer elected new CDU leader

    In a farewell speech as leader, Merkel said Friday that "our CDU today is different from the year 2000, and that is a good thing". Current German Chancellor Mrs Merkel looked close to tears as she delivered her farewell speech to delegates in the room.
    Apple's official iPhone XR Clear Case is finally here

    Apple's official iPhone XR Clear Case is finally here

    Mention must be made that all the latest models like iPhone XS, XS Max and XR are not eligible for $29 replacement batteries. It has grown on me over the month and I've been buying accessories to support its use over the long term.
    3 astronauts blast off to International Space Station

    3 astronauts blast off to International Space Station

    The trio aboard the rocket will be on the International Space Station for six and a half months before heading back to Earth. A criminal investigation into the failure placed the blame on a sensor which had been damaged during assembly.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.