Trump and Xi agree to resume trade talks
- 5 years ago
트럼프•시진핑, 무역전쟁 휴전 합의•••"협상 재개-관세 중단"
The highly-anticipated U.S.-China trade talks between Presidents Donald Trump and Xi Jinping ended in Osaka, where they agreed on a trade truce.
Kim Hyesung has the details.
Presidents Trump and Xi agreed to resume trade talks that broke down in May and to stop imposing new tariffs for now.
"We won't be adding an additional tremendous amount, 350 billion dollars left which could be taxed, tariffed we are not doing that, we will work with China on where we left off....China is going to be buying a tremendous amount of food and agricultural product and they will start that very soon, almost immediately."
At the news conference in Osaka, Trump added that the U.S. will give China a list of agricultural goods to buy.
China's state-run Xinhua News Agency also reported that the two sides agreed to restart trade negotiations and that the U.S. will not impose new tariffs.
Another agreement was struck regarding Chinese tech firm Huawei.
Citing security risks, the U.S. commerce department last month blacklisted Huawei, banning U.S. companies from supplying parts to the Chinese firm without a license, but Trump said
"U.S. companies can sell their equipment to Huawei. I'm talking about equipment where there is no great national emergency problem with it. but the U.S. companies can sell their equipment."
Trump added that Huawei is the last issue in trade talks, showing how tricky and complex it is to ban trading with Huawei is.
The months-long U.S.-China trade spat has resulted in tariffs on a total of 360 billion U.S. dollars of goods on one another as of date.
It remains to be seen if the U.S. and China can reach a deal on trade as the two still differ on U.S. demands over intellectual property protection and China's structural reform, among others.
But for now, there's no escalation in trade tensions and trade talks will continue.
In a way, it's just like the 90-day ceasefire agreed last December, when presidents Trump and Xi agreed on a trade truce during their talks on the sidelines of the G20 summit in Argentina.
Kim Hyesung, Arirang News.
The highly-anticipated U.S.-China trade talks between Presidents Donald Trump and Xi Jinping ended in Osaka, where they agreed on a trade truce.
Kim Hyesung has the details.
Presidents Trump and Xi agreed to resume trade talks that broke down in May and to stop imposing new tariffs for now.
"We won't be adding an additional tremendous amount, 350 billion dollars left which could be taxed, tariffed we are not doing that, we will work with China on where we left off....China is going to be buying a tremendous amount of food and agricultural product and they will start that very soon, almost immediately."
At the news conference in Osaka, Trump added that the U.S. will give China a list of agricultural goods to buy.
China's state-run Xinhua News Agency also reported that the two sides agreed to restart trade negotiations and that the U.S. will not impose new tariffs.
Another agreement was struck regarding Chinese tech firm Huawei.
Citing security risks, the U.S. commerce department last month blacklisted Huawei, banning U.S. companies from supplying parts to the Chinese firm without a license, but Trump said
"U.S. companies can sell their equipment to Huawei. I'm talking about equipment where there is no great national emergency problem with it. but the U.S. companies can sell their equipment."
Trump added that Huawei is the last issue in trade talks, showing how tricky and complex it is to ban trading with Huawei is.
The months-long U.S.-China trade spat has resulted in tariffs on a total of 360 billion U.S. dollars of goods on one another as of date.
It remains to be seen if the U.S. and China can reach a deal on trade as the two still differ on U.S. demands over intellectual property protection and China's structural reform, among others.
But for now, there's no escalation in trade tensions and trade talks will continue.
In a way, it's just like the 90-day ceasefire agreed last December, when presidents Trump and Xi agreed on a trade truce during their talks on the sidelines of the G20 summit in Argentina.
Kim Hyesung, Arirang News.