This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.rt.com/news/445362-trump-xi-trade-dinner/
The article has changed 5 times. There is an RSS feed of changes available.
| Version 1 | Version 2 |
|---|---|
| Trade truce? Xi & Trump put tariff war on hold at 2.5-hour dinner in Argentina | Trade truce? Xi & Trump put tariff war on hold at 2.5-hour dinner in Argentina |
| (35 minutes later) | |
| The two-and-a-half-hour dinner shared by Xi Jinping and Donald Trump in Argentina, where they repeatedly emphasized their great friendship, has ended with an apparent ‘trade truce’ but no immediate groundbreaking results | |
| . | |
| The leaders have reached a consensus that trade talks should continue and have agreed not to impose any additional tariffs, at least for now. | |
| “President Trump has agreed that on January 1, 2019, he will leave the tariffs on $200 billion worth of product at the 10% rate, and not raise it to 25% at this time," the White House said in a statement. | |
| For its part, Beijing has consented to purchase a “very substantial amount” of American agricultural, energy and industrial products, to reduce the trade imbalance between the two countries, which amounted to $375 billion last year. While the list of American items to be purchased by Beijing has yet to be finalized, China agreed to start purchasing “agricultural product from our farmers immediately,” the US administration claimed. | |
| “Cooperation is the best option for the two countries” in promoting world peace and prosperity, Xi reportedly told the US president at a working dinner, according to Xinhua. The Chinese leader said his country would like to proceed to exchange views on issues of common concern to jointly work out a course in bilateral relations in the next stage. | “Cooperation is the best option for the two countries” in promoting world peace and prosperity, Xi reportedly told the US president at a working dinner, according to Xinhua. The Chinese leader said his country would like to proceed to exchange views on issues of common concern to jointly work out a course in bilateral relations in the next stage. |
| The White House in turn did not immediately elaborate on any details of the meeting, besides economic adviser Larry Kudlow telling reporters that the dinner went “very well.” The editor of the Chinese official Global Times, meanwhile, said that his sources also confirmed that the talks “went well and consensus was reached.” | The White House in turn did not immediately elaborate on any details of the meeting, besides economic adviser Larry Kudlow telling reporters that the dinner went “very well.” The editor of the Chinese official Global Times, meanwhile, said that his sources also confirmed that the talks “went well and consensus was reached.” |
| Prior to having dinner with Trump, Xi said he was “very happy” to have an opportunity to address issues with the US leader. Trump also offered some positive thoughts before the “very important meeting,” noting that the talks would focus on trade. | Prior to having dinner with Trump, Xi said he was “very happy” to have an opportunity to address issues with the US leader. Trump also offered some positive thoughts before the “very important meeting,” noting that the talks would focus on trade. |
| “We’ll be discussing trade and I think at some point we are going to end up doing something great for China and great for the United States,” Trump said. Once again highlighting the “very special” relationship between the leaders, Trump expressed hope that they can reach an understanding that “will be good” for both nations. | “We’ll be discussing trade and I think at some point we are going to end up doing something great for China and great for the United States,” Trump said. Once again highlighting the “very special” relationship between the leaders, Trump expressed hope that they can reach an understanding that “will be good” for both nations. |
| Beijing and Washington are currently locked in a trade war, after Trump began imposing tariffs on Chinese goods for violating intellectual property rights, also accusing the Asian nation of unfair trade practices amounting to a $375 billion US trade deficit with China. | Beijing and Washington are currently locked in a trade war, after Trump began imposing tariffs on Chinese goods for violating intellectual property rights, also accusing the Asian nation of unfair trade practices amounting to a $375 billion US trade deficit with China. |
| The US, which has already slapped tariffs on $250 billion of Chinese products, has also threatened Beijing with an additional $267 billion in levies unless China shows a willingness to close the massive trade deficit. In its turn, Beijing responded with tariffs on $110 billion of US goods. | The US, which has already slapped tariffs on $250 billion of Chinese products, has also threatened Beijing with an additional $267 billion in levies unless China shows a willingness to close the massive trade deficit. In its turn, Beijing responded with tariffs on $110 billion of US goods. |
| To add to the growing tension, the US is now blaming China for the opioid crisis as increasing numbers of Americans are dying after overdosing on synthetic drugs. Prior to dinner, Trump said he will urge Xi to address the “tremendous fentanyl problem” and “criminalize it in China” so that it does not get to the American market. | To add to the growing tension, the US is now blaming China for the opioid crisis as increasing numbers of Americans are dying after overdosing on synthetic drugs. Prior to dinner, Trump said he will urge Xi to address the “tremendous fentanyl problem” and “criminalize it in China” so that it does not get to the American market. |
| Think your friends would be interested? Share this story! | Think your friends would be interested? Share this story! |