Trump: China agrees to reduce tariffs on US autos

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1989TransAm
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Trump: China agrees to reduce tariffs on US autos

Post by 1989TransAm » Sun Dec 02, 2018 11:58 pm

A developing story. President Trump, you magnificent bastard. :D

"Trump's announcement comes shortly after he and Chinese President Xi Jinping announced a breakthrough during the G-20 summit in Buenos Aires over the weekend, temporarily pausing an escalating trade war between the two countries that had seen tit-for-tat tariffs imposed on each other's products.
“It’s an incredible deal. It goes down, certainly — if it happens, it goes down as one of the largest deals ever made,” Trump told reporters on Saturday.
The Chinese foreign ministry also touted the agreement, saying the two sides had "proposed a series of constructive plans on how to properly resolve existing differences and problems.”
The separate statements, which offered conflicting characterizations of what the agreement entailed, were vague on details. The U.S. statement highlighted a 90-day window it had created to push through trade talks with Beijing, while the Chinese statement made no mention of it.
The Saturday agreement meant that Trump's tariffs on $250 billion worth of goods remained effective, but an additional hike on tariffs for certain goods would be put on hold." Much more at the link.

https://thehill.com/homenews/administra ... n-us-autos

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