The US and China just reached a trade-war truce, delaying $300 billion worth of planned tariffs

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The US and China just reached a trade-war truce, delaying $300 billion worth of planned tariffs
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Trump and Xi have faced increasing pressure to defuse their yearlong trade war, which has threatened to hurt growth in both countries.

President Donald Trump and Chinese President Xi Jinping reached a trade ceasefire at a highly anticipated meeting late Friday on the sidelines of the G20 summit in Japan. The truce allowed the US and China to avert $300 billion worth of additional tariffs, which Trump had vowed to levy if no progress was made at the meeting.

President Donald Trump and Chinese President Xi Jinping reached a trade ceasefire at a highly anticipated meeting late Friday on the sidelines of the G20 summit in Japan. The truce allowed the US and China to avert $300 billion worth of additional tariffs, which Trump had vowed to levy if no progress was made at the meeting.

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