Leaders of the Group of 20 agreed Saturday to fix the world trading system after difficult, all-night talks in the Argentine capital, but only 19 of them agreed to support the Paris accord on fighting climate change with the United States the lone holdout.

The official summit statement acknowledges flaws in global commerce and calls for reforming the World Trade Organization. It doesn’t mention the word “protectionism,” however, after negotiators said that had met resistance from the United States.

Applause broke out in the summit hall as the leaders, including US president Donald Trump, signed off on a final statement at the end of a two-day summit.

The non-binding agreement was reached after talks by diplomats stretched overnight and into daylight on Saturday, amid deep divisions between member nations. European Union officials said the United States was the main holdout on nearly every issue. Trump has criticized the WTO and taken aggressive trade policies targeting China and the EU.

But China also pushed back in talks on steel, South Africa objected to language on trade, Australia didn’t want the statement to be too soft on migration and Turkey worried it would push too far on climate change, according to the officials.

Read: India to host first G20 summit in 2022, to coincide with 75th year of Independence

A senior White House official said the joint statement meets many US objectives and stressed that it includes language about WTO reform. The official also noted other elements such as language on workforce development and women’s economic development and a commitment by China to doing infrastructure financing on “transparent terms.”

According to the official, the language on climate was necessary for Washington to sign on, and Turkey, Saudi Arabia and Russia had appeared sympathetic to the US position but ultimately stayed with the other countries.

With trade tensions between the US and China dominated the summit, the Europeans sought to play mediator. They also scaled back their expectations, cutting out mention of rising protectionism — mainly aimed at Trump.

The final language of the statement says, regarding climate, that 19 nations that are signatories to the Paris accord reiterate their commitment to it while the US reiterates its decision to withdraw. It also notes a recent UN report that warned damage from global warming will be much worse than previously feared, and expresses support for an upcoming UN climate meeting in Poland meant to nail down how countries will meet promises made in the Paris accord.

On global commerce, the statement says the 20 countries support multilateral trade but acknowledge that the current system doesn’t work and needs fixing, via “the necessary reform of the WTO to improve its functioning.”

On migration, European officials said the US negotiator said too much talk about it would have been a “deal-breaker” for Trump. So they came up with “minimalist” language that acknowledges growing migrant flows and the importance of shared efforts to support refugees and solve the problems that drive them to flee.

The statement also shows a commitment to a “rules-based international order,” despite Trump’s rejection of many of those rules.

“There were moments when we thought all was lost,” one European official said, “moments when we spent two hours on one sentence.”

The officials spoke on condition of anonymity to discuss the closed-door negotiations.

Thomas Bernes of the Canada-based Centre for International Governance Innovation, who has held leading roles with the International Monetary Fund, the World Bank and the Canadian government, said the G-20 had “veered all over the road” at the summit and failed to truly fix trade. The US was out of step on migration and climate change and blocked meaningful agreement on those issues, he added.

“Instead, leaders buried their differences in obscure language and dropped language to fight protectionism, which had been included in every G-20 communique since the leaders’ first summit,” he added. “This is clearly a retrograde step forced by United States intransigence.”

“The question is whether we are burying the G-20 in the process,” Bernes added. “Certainly this is a big hit to the credibility of the G-20 to provide resolute leadership in addressing global problems.”

Perhaps surprisingly, one country that was seen as particularly constructive was Russia, the EU officials said. Despite tensions over its military actions on Ukraine and political interference abroad, Russia supports international efforts on trade and climate.

Read: A high-five from Vladimir Putin and that awkward photograph - Saudi prince’s G20 summit

While a statement isn’t legally enforceable, the Europeans see it as proof that the G-20 is still relevant and that multilateralism still works.

“Everyone agrees that the WTO should be reformed,” German Chancellor Angela Merkel said. “This is an important agreement.”

“We will send a clear signal — in any case, most of us” — for the success of global climate talks starting in Poland on Sunday, Merkel added.

Merkel’s spokesman said that during a meeting with Russian president Vladimir Putin, she also voiced concern about rising tensions in the Kerch Strait off Crimea and pushed for “freedom of shipping into the Sea of Azov.”

Last weekend, Russia seized three Ukrainian naval vessels and their crews in an incident escalating a tug-of-war that began in 2014 when Russia annexed Ukraine’s Crimean Peninsula and supported separatist rebels in eastern Ukraine.

Germany and France have sought to mediate between Russia and Ukraine, and spokesman Steffen Seibert said Merkel and Putin agreed that the four countries should hold further talks at the “adviser level.”

Trump and Chinese president Xi Jinping were due to meet later Saturday after the summit’s close. Their countries have been embroiled in an escalating trade war with new US tariffs on China goods set to take effect a month from now.

“The trade war between the United States and China does not favour international commerce. ... A fight between two big players does not benefit,” said Dante Sica, Argentina’s minister of production and labour. “If they are able to begin to agree, it would be a good signal that would reduce the impacts on international commerce.”

In closing remarks, summit host and Argentine president Mauricio Macri said the countries had overcome “a number of challenges” to reach the agreement.

“We have agreed on a statement that reflects the necessity of revitalizing trade, of revitalizing the WTO. .. “We ratify the concern of everyone over climate change,” Macri said.

The next G-20 summit is to be held in Osaka, Japan, in June 2019.</s>BUENOS AIRES, Argentina — The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrough came after a dinner meeting Saturday between President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit in Buenos Aires.

Trump agreed to hold off on plans to raise tariffs Jan. 1 on $200 billion in Chinese goods. The Chinese agreed to buy a "not yet agreed upon, but very substantial amount of agricultural, energy, industrial" and other products from the United States to reduce America's huge trade deficit with China, the White House said.

The truce buys time for the two countries to work out their differences in a dispute over Beijing's aggressive drive to supplant U.S. technological dominance.

In another long-sought concession to the U.S., China agreed to label fentanyl, the deadly synthetic opioid responsible for tens of thousands of American drug deaths annually, as a controlled substance.

The White House announcement framed a victory for Trump and his unflinching negotiating tactics, securing a commitment from China to engage in talks on key U.S. economic priorities, with little obvious concession by the U.S. Notably, however, the White House appears to be reversing course on its previous threats to tie trade discussions to security concerns, like China's attempted territorial expansion in the South China Sea.

"It's great the two sides took advantage of this opportunity to call a truce," said Andy Rothman, investment strategist at Matthews Asia. "The two sides appear to have had a major change of heart to move away from confrontation toward engagement. This changes the tone and direction of the bilateral conversation."

The Trump-Xi meeting was the marquee event of Trump's whirlwind two-day trip to Argentina for the G-20 summit after the president canceled a sit-down with Russian President Vladimir Putin over mounting tensions between Russia and Ukraine. Trump also canceled a Saturday news conference, citing respect for the Bush family following the death of former President George H.W. Bush.

Trump said Bush's death put a "damper" on what he described as a "very important meeting" with Xi.

The United States and China are locked in a dispute over their trade imbalance and Beijing's tech policies. Washington accuses China of deploying predatory tactics in its tech drive, including stealing trade secrets and forcing American firms to hand over technology in exchange for access to the Chinese market.

Trump has imposed import taxes on $250 billion in Chinese products — 25 percent on $50 billion worth and 10 percent on the other $200 billion. Trump had planned to raise the tariffs on the $200 billion to 25 percent if he couldn't get a deal with Xi.

China has already slapped tariffs on $110 billion in U.S. goods.

Under the agreement reached in Buenos Aires, the two countries have 90 days to resolve their differences over Beijing's tech policies. If they can't, the U.S. tariff increases will go into effect on the $200 billion in Chinese imports.

U.S. officials insist that the American economy is more resilient to the tumult than China's, but they remain anxious of the economic effects of a prolonged showdown — as Trump has made economic growth the benchmark by which he wants his administration judged.

A full-blown resolution was not expected to be reached in Buenos Aires; the issues that divide them are just too difficult.

Growing concerns that the trade war will increasingly hurt corporate earnings and the U.S. economy are a key reason why U.S. stock prices have been sinking this fall.

Joining other forecasters, economists at the Organization for Economic Co-operation and Development last week downgraded their outlook for global economic growth next year to 3.5 percent from a previous 3.7 percent. In doing so, they cited the trade conflict as well as political uncertainty.

The two countries also made progress on the regulation of fentanyl, which is 50 times more powerful than heroin. U.S. officials for years have been pressing the Chinese government to take a tougher stance against fentanyl, and most U.S. supply of the drug is manufactured in China.

White House press secretary Sarah Sanders says China's decision to label the drug as a controlled substance means that "people selling Fentanyl to the United States will be subject to China's maximum penalty under the law."

Trump met Friday with Japanese Prime Minister Shinzo Abe and Indian Prime Minister Narendra Modi in a rare trilateral meeting. The symbolism ahead of the Xi meeting was clear: The Trump administration has looked to find common cause with both nations in countering China's regional hegemony.

Earlier that day, Trump signed a revamped three-way trade deal with Canada and Mexico, fulfilling a long-standing pledge, though the agreement could face headwinds in Congress.

Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.</s>President Donald Trump left for the G20 summit Thursday and meetings including President Xi Jinping of China as he debated whether or not to do a trade deal with China or keep tariffs.

“I think we’re very close to doing something with China, but I don’t know that I want to do it,” Trump told reporters before boarding Marine One on the White House South Lawn. “what we have right now is billions and billions of dollars coming into the United States in the form of tariffs or taxes. So I really don’t know.”

“I will tell you that I think China wants to make a deal. I’m open to making a deal. But frankly I like the deal that we have right now,” said the president.

Earlier in the day the president pointed to billions of dollars coming to the U.S. due to tariffs on Chinese goods:

“Billions of Dollars are pouring into the coffers of the U.S.A. because of the Tariffs being charged to China, and there is a long way to go,” said Trump. “If companies don’t want to pay Tariffs, build in the U.S.A. Otherwise, lets just make our Country richer than ever before!”

U.S.-China trade talks led by Treasury Secretary Steven Mnuchin have been on-again, off-again several times, but Trump is slated to talk trade with Xi himself at the Argentina G20.

President Trump has imposed wave upon wave of U.S. tariffs on Chinese goods and China has retaliated with targeted tariffs of its own on U.S. goods. China has aimed tariffs at industries perceived to extract the greatest impact on industries that tend to favor Trump.

This week Trump posed the possibility of raising tariffs on China’s auto imports to the U.S. He has issued tariffs of $200 billion in Chinese goods with another $300 billion in abeyance. Trump has warned the 10 percent tariff on the $200 billion in goods could also raise to a 25 percent tariff.

National Economic Council director Larry Kudlow previewed the Trump-Xi talks this week. The talks will include Trump trade advisors with the two presidents. Kudlow carefully expressed optimism that there is a deal to be done between the two trading giants, but tempered the optimism with a warning that if China refuses to meet basic requirements that the U.S. has repeatedly set forth then President Trump will happily stand on the U.S. current approach toward China of imposing tariffs. He told reporters Tuesday, “If things don’t work out in this U.S.-China summit meeting, [President Trump] will invoke another 267 some-odd billion dollars in tariffs.” Trump and his trade team have made clear to China the U.S. will not relent on tariffs until China halts unfair trading practices including intellectual property theft, a massive trade deficit between the two nations.

Michelle Moons is a White House Correspondent for Breitbart News — follow on Twitter @MichelleDiana and Facebook</s>Image copyright Reuters Image caption Mr Trump (front right) met Mr Xi (front left) after the G20 summit in Buenos Aires

US President Donald Trump and his Chinese counterpart Xi Jinping have agreed to halt new trade tariffs for 90 days to allow for talks, the US says.

At a post-G20 summit meeting in Buenos Aires, Mr Trump agreed not to boost tariffs on $200bn (£157bn) of Chinese goods from 10% to 25% on 1 January.

China will buy a "very substantial" amount of agricultural, industrial and energy products, the US says.

Meanwhile, Beijing says the two sides agreed to open up their markets.

It was the first face-to-face meeting between the two leaders since a trade war erupted earlier this year.

The dispute broke out after Mr Trump complained China was doing nothing to cut its large surplus in bilateral trade.

At the summit in Argentina's capital earlier on Saturday, the G20 leaders agreed a joint declaration that notes divisions over trade but does not criticise protectionism.

What are the details of the US-China accord?

Mr Trump and Mr Xi held a "highly successful meeting", the White House says in a statement.

It says the US tariffs on Chinese goods will remain unchanged for 90 days, but warns: "If at the end of this period of time, the parties are unable to reach an agreement, the 10 percent tariffs will be raised to 25 percent."

Image copyright Getty Images Image caption The US is the biggest export market for Chinese goods

The US says China agreed to "purchase a not yet agreed upon, but very substantial, amount of agricultural, energy, industrial, and other products from the United States to reduce the trade imbalance between our two countries".

Both sides also pledged to "immediately begin negotiations on structural changes with respect to forced technology transfer, intellectual property protection, non-tariff barriers, cyber intrusions and cyber theft", the White House says.

President Trump said earlier this year he wanted to stop the "unfair transfers of American technology and intellectual property to China".

According to the US, China has also signalled it will allow a tie-up between two major semiconductor manufacturers which Chinese regulators have been blocking.

The White House statement said China was "open to approving the previously unapproved Qualcomm-NXP deal".

Qualcomm - the world's biggest chipmaker - had abandoned its $44bn bid for Dutch rival NXP Semiconductors after Chinese opposition.

The US also says Beijing agreed to designate Fentanyl as a controlled substance. The opioid - much of it thought to be made in China - is driving a huge rise in drug addiction in the US.

Chinese Foreign Minister Wang Yi told reporters after the talks that "the principal agreement has effectively prevented further expansion of economic friction between the two countries".

He hailed "new space for win-win co-operation", while Chinese state TV said negotiations would continue.

What's the background to the trade war?

Both sides have imposed tariffs on billions of dollars' worth of goods. The US has hit $250bn of Chinese goods with tariffs since July, and China has retaliated by imposing duties on $110bn of US products.

Mr Trump had also said that if talks in Argentina were unsuccessful, he would carry out a threat to hit the remaining $267bn of annual Chinese exports to the US with tariffs of between 10 and 25%.

US-China trade divisions meant an Asian economic summit earlier this month was unable to agree a formal leaders' statement for the first time in its history.

How did Trump sum up the talks?

Returning from the G20 summit on Air Force One, Mr Trump told reporters "it's an incredible deal" that would have an "incredibly positive impact on farming".

"What I'd be doing is holding back on tariffs. China will be opening up. China will be getting rid of tariffs," Mr Trump said.

Analysis

Stephen McDonell, BBC China correspondent in Beijing

China has pretty much given up nothing in this deal because the future tariffs threatened from the Beijing side were retaliatory in nature and only to be applied if the United State escalated.

For this it has gained a 90-day reprieve, during which time both sides have pledged to ramp up talks.

When China's Foreign Minster Wang Yi spoke to reporters after the meeting he said the two leaders had agreed to open up each other's markets and that this process could lead to the resolution of "legitimate" US concerns.

This was either an acknowledgment that Washington does have legitimate concerns or a way of differentiating those American concerns which are reasonable from those which are not actually "legitimate".

This is not a suspension of the trade war but a suspension of the escalation of the trade war.

Big questions remain about the preparedness of Beijing to allow international access to this enormous market to a level that would satisfy the Trump administration prompting a complete halt in the trade war.

On other issues, the US president announced he would be "formally terminating Nafta [the North American Free Trade Agreement] shortly".

Image copyright EPA Image caption Mr Trump (C) earlier signed a new trade agreement on Friday with his Mexican and Canadian counterparts

This would give lawmakers six months, he said, to approve a new trade deal agreed with his Mexican and Canadian counterparts on Friday or revert to trade rules from before 1994, when Nafta took effect.

He also said he was likely to meet North Korean Leader Kim Jong-un in January or February and three locations for their second meeting were being considered.

Mr Trump added that he would also invite Mr Kim, with whom he has "a good relationship", to the US at some point.

What else happened in Buenos Aires?

French leader Emmanuel Macron told reporters that the World Trade Organization, the body that regulates trade disputes, needed to be modernised.

A senior US official told Reuters that it was the first time that the G20 had recognised that the WTO was "currently falling short of meeting its objectives" and needed reform.

On Friday Mr Trump briefly met Russian President Vladimir Putin on the sidelines of the G20, a Russian official told Reuters.

Earlier the US president said he had postponed a planned press conference "out of respect for the Bush family", following the death of former President George HW Bush, at the age of 94.

Earlier on in the summit, emerging economies denounced protectionism.</s>Trump agrees to temporarily halt U.S. trade war with China

In exchange for pause in tariff increase, China will buy "very substantial amount" of American goods and make the opioid fentanyl a controlled substance.</s>Angela Charlton, Peter Orsi and Luis Andres Henao, The Associated Press 

 



BUENOS AIRES, Argentina -- Leaders of the Group of 20 agreed Saturday to fix the world trading system after difficult, all-night talks in the Argentine capital, but only 19 of them agreed to support the Paris accord on fighting climate change with the United States the lone holdout.

The official summit statement acknowledges flaws in global commerce and calls for reforming the World Trade Organization. It doesn't mention the word “protectionism,” however, after negotiators said that had met resistance from the United States.

Applause broke out in the summit hall as the leaders, including U.S. President Donald Trump, signed off on a final statement at the end of a two-day summit.

The non-binding agreement was reached after talks by diplomats stretched overnight and into daylight on Saturday, amid deep divisions between member nations. European Union officials said the United States was the main holdout on nearly every issue. Trump has criticized the WTO and taken aggressive trade policies targeting China and the EU.

But China also pushed back in talks on steel, South Africa objected to language on trade, Australia didn't want the statement to be too soft on migration and Turkey worried it would push too far on climate change, according to the officials.

A senior White House official said the joint statement meets many U.S. objectives and stressed that it includes language about WTO reform. The official also noted other elements such as language on workforce development and women's economic development and a commitment by China to doing infrastructure financing on “transparent terms.”

According to the official, the language on climate was necessary for Washington to sign on, and Turkey, Saudi Arabia and Russia had appeared sympathetic to the U.S. position but ultimately stayed with the other countries.

With trade tensions between the U.S and China dominating the summit, the Europeans sought to play mediator. They also scaled back their expectations, cutting out mention of rising protectionism - mainly aimed at Trump.

The final language of the statement says, regarding climate, that 19 nations that are signatories to the Paris accord reiterate their commitment to it while the U.S. reiterates its decision to withdraw. It also notes a recent U.N. report that warned damage from global warming will be much worse than previously feared, and expresses support for an upcoming U.N. climate meeting in Poland meant to nail down how countries will meet promises made in the Paris accord.

On global commerce, the statement says the 20 countries support multilateral trade but acknowledge that the current system doesn't work and needs fixing, via “the necessary reform of the WTO to improve its functioning.”

On migration, European officials said the U.S. negotiator said too much talk about it would have been a “deal-breaker” for Trump. So they came up with “minimalist” language that acknowledges growing migrant flows and the importance of shared efforts to support refugees and solve the problems that drive them to flee.

The statement also shows a commitment to a “rules-based international order,” despite Trump's rejection of many of those rules.

“There were moments when we thought all was lost,” one European official said, “moments when we spent two hours on one sentence.”

The officials spoke on condition of anonymity to discuss the closed-door negotiations.

Thomas Bernes of the Canada-based Centre for International Governance Innovation, who has held leading roles with the International Monetary Fund, the World Bank and the Canadian government, said the G-20 had “veered all over the road” at the summit and failed to truly fix trade. The U.S. was out of step on migration and climate change and blocked meaningful agreement on those issues, he added.

“Instead, leaders buried their differences in obscure language and dropped language to fight protectionism, which had been included in every G-20 communique since the leaders' first summit,” he added. “This is clearly a retrograde step forced by United States intransigence.”

“The question is whether we are burying the G-20 in the process,” Bernes added. “Certainly this is a big hit to the credibility of the G-20 to provide resolute leadership in addressing global problems.”

Perhaps surprisingly, one country that was seen as particularly constructive was Russia, the EU officials said. Despite tensions over its military actions on Ukraine and political interference abroad, Russia supports international efforts on trade and climate.

While a statement isn't legally enforceable, the Europeans see it as proof that the G-20 is still relevant and that multilateralism still works.

“Everyone agrees that the WTO should be reformed,” German Chancellor Angela Merkel said. “This is an important agreement.”

“We will send a clear signal - in any case, most of us” - for the success of global climate talks starting in Poland on Sunday, Merkel added.

Merkel's spokesman said that during a meeting with Russian President Vladimir Putin, she also voiced concern about rising tensions in the Kerch Strait off Crimea and pushed for “freedom of shipping into the Sea of Azov.”

Last weekend, Russia seized three Ukrainian naval vessels and their crews in an incident escalating a tug-of-war that began in 2014 when Russia annexed Ukraine's Crimean Peninsula and supported separatist rebels in eastern Ukraine.

Germany and France have sought to mediate between Russia and Ukraine, and spokesman Steffen Seibert said Merkel and Putin agreed that the four countries should hold further talks at the “adviser level.”

Trump and Chinese President Xi Jinping were due to meet later Saturday after the summit's close. Their countries have been embroiled in an escalating trade war with new U.S. tariffs on China goods set to take effect a month from now.

“The trade war between the United States and China does not favour international commerce. ... A fight between two big players does not benefit,” said Dante Sica, Argentina's minister of production and labour. “If they are able to begin to agree, it would be a good signal that would reduce the impacts on international commerce.”

In closing remarks, summit host and Argentine President Mauricio Macri said the countries had overcome “a number of challenges” to reach the agreement.

“We have agreed on a statement that reflects the necessity of revitalizing trade, of revitalizing the WTO. .. ”We ratify the concern of everyone over climate change,“ Macri said.

The next G-20 summit is to be held in Osaka, Japan, in June 2019.

Associated Press writers Catherine Lucey and Almudena Calatrava in Buenos Aires contributed to this report.</s>BUENOS AIRES, Dec 1 (Reuters) - China and the United States have agreed to halt new tariffs as both nations engage in trade talks with the goal of reaching an agreement within 90 days, the White House said on Saturday after U.S. President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina.

Trump agreed not to boost tariffs on $200 billion of Chinese goods to 25 percent on Jan. 1 as previously announced, as China agreed to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and other products, the White House said. The White House also said China “is open to approving the previously unapproved Qualcomm Inc NXP deal should it again be presented.”

The White House said that if agreement on trade issues including technology transfer, intellectual property, non-tariff barriers, cyber theft and agriculture have not been reached with China in 90 days that both parties agree that the 10 percent tariffs will be raised to 25 percent.</s>BUENOS AIRES (Reuters) - China and the United States have agreed to halt additional tariffs as both nations engage in new trade negotiations with the goal of reaching an agreement within 90 days, the White House said on Saturday after President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina.

Trump agreed not to boost tariffs on $200 billion of Chinese goods to 25 percent on Jan. 1 as previously announced, while Beijing agreed to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and other products, the White House said in a statement. China “is open to approving the previously unapproved” deal for U.S. company Qualcomm Inc (QCOM.O) to acquire Netherlands-based NXP Semiconductors (NXPI.O) “should it again be presented.”

In July, Qualcomm - world’s biggest smartphone-chip maker - walked away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval, becoming a high-profile victim of the Sino-U.S. trade dispute.

The White House said that if agreement on trade issues including technology transfer, intellectual property, non-tariff barriers, cyber theft and agriculture has not been reached with China in 90 days that both parties agree that the 10 percent tariffs will be raised to 25 percent.

Trump slapped 10 percent tariffs on $200 billion in Chinese goods in September. China responded by imposing its own round of tariffs. Trump has also threatened to add tariffs on another $267 billion of Chinese imports.

Xi agreed to designate the drug fentanyl as a controlled substance, the White House said. For more than a year, Trump has raised concerns about the synthetic opioid being sent from China to the United States, which is facing an epidemic of opioid-related deaths.

China also agreed to start purchasing agricultural products from U.S. farmers immediately, the White House said.

U.S. companies and consumers are bearing part of the cost of the U.S. tariffs on China by paying higher prices for goods, and many companies have hiked prices on imported goods. At the same time, U.S. farmers have been hurt by reduced Chinese imports of soybeans and other products.</s>White House: Trump and China's Xi reach 90-day ceasefire agreement on new tariffs to allow trade negotiations.</s>White House: Trump and China's Xi reach 90-day ceasefire agreement on new tariffs to allow trade negotiations

BUENOS AIRES, Argentina (AP) — White House: Trump and China's Xi reach 90-day ceasefire agreement on new tariffs to allow trade negotiations.
The White House announces that the United States and China agree to halt new trade tariffs for 90 days to allow for talks.