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Suspension of new tariffs, the world welcomes the "Truce" of China-US trade

2018-12-03

December 2, 2018,local time in Buenos Aires, Argentina, on Monday evening, the leaders of China and the United States reached a consensus at a 2.5 hours dinner party. The dinner time was far more than expected, and the world's attention to mutual tariffs will be marked with a rest.

The specific consensus includes that the United States stopped originally scheduled tariff of raising 200 billion US dollars of imported Chinese products from 10% to 25% on January 1, 2019; China will agree to purchase from the United States of goods which has not yet reached an agreement. But huge amounts of agriculture, energy, industry and other products.

State Councilor and Minister of Foreign Affairs Wang Yi said at the media meeting after the dinner that the negotiations were conducted in a friendly and sincere atmosphere. The discussion on economic and trade issues was very positive and constructive. The two heads of state reached a consensus and stopped raising each other. The working teams of the two sides will, in accordance with the principled consensus reached by the two heads of state, step in the direction of canceling all tariff increases, intensify consultations, and reach a concrete agreement on mutual benefit and win-win as soon as possible.

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