Trump and Xi Agree Not to Inject New Import Tariffs

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Chinese president Xi Jinping and his American counterpart Donald Trump have decided on Saturday night in Buenos Aires not to introduce any extra import duties after 1 January. The countries take a rest of ninety days and hope to come to a trade deal in that period.

Chinese state media report this after the working dinner between the two presidents at the G20 summit in the Argentine capital. Both countries want to continue trade negotiations shortly.

Trump has agreed not to impose new import duties, and Beijing will buy a large number of American products, the White House says in a statement.

“China is also open to approving the previously rejected acquisition of the chip manufacturer NXP Semiconductors from Eindhoven, by the American Qualcomm, if the takeover deal were to be put on the table”, according to the White House.

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