CNN: US and China call a ceasefire in trade dispute
After weeks of tensions, China and the United States have reached a ceasefire.
Both sides this weekend said they had agreed to not impose new tariffs on one another while talks continue, after reaching an initial agreement on trade.
In a joint statement on Saturday, the countries said China would "significantly increase" purchases of US goods and services to reduce their trade imbalance. This was a top demand of the Trump administration during two days of trade talks in Washington with Chinese officials.
"We're putting the trade war on hold," US Treasury Secretary Steven Mnuchin told "Fox News Sunday. "We have agreed to put the tariffs on hold while we try to execute the framework."
Read more ....
WNU Editor: China has a long history of making trade promises .... and then breaking them and/or avoiding them a few months down the road. The U.S. will need to be vigilant on this issue.
Update: I concur .... Trump beware -- China lies and cheats on trade deals and will likely do so again (Steven W. Mosher, Fox News)
Update #2: What do they mean by later? .... U.S. and China Tout Trade Talks as Success, but Leave the Details for Later (The New York Times)
More News On Reports That The US, China Have Agreed To Put The Trade War 'On Hold'
U.S., China putting trade war on hold, Treasury's Mnuchin says -- Reuters
US, China putting trade war on hold after progress in talks -- AP
US, China agree to abandon trade war: Beijing -- AFP
Mnuchin: Trade war with China is ‘on hold’ -- The Hill
China agrees to "significantly increase" imports - but details to come -- CBS
China to buy more American goods, but not as much as Trump wants -- RT
