Tradelines News

Get the latest news and updates on cross-border customs and international trade.

White House Backtracks on China Deal


(Emily Stewart – Vox)

President Donald Trump’s victory lap on a temporary detente in the trade war with China might be a little premature — and misleading.

In a series of tweets over the weekend, the president celebrated the modest compromise on trade he reached with Chinese President Xi Jinping in Buenos Aires on Saturday in which Trump agreed to temporarily hold off on increasing tariffs on $200 billion of Chinese goods in exchange for China purchasing a still-to-be-defined amount of American-made products.

Trump declared that China had agreed to reduce and remove tariffs on cars coming into China from the US, and he wrote that China intends to “start purchasing agricultural product immediately” from the US. Click here to read more.

Related: