The talks between Washington and Beijing began amid a de-escalation of the trade conflict, as the US president vowed to suspend plans to raise tariffs on $200 billion worth of Chinese products from 10 to 25 percent starting from January 1, 2019
According to President Donald Trump, a delegation of US officials will hold negotiations with the Chinese side. He noted that the talks would end 90 days after his meeting with President Xi Jinping at the G20 forum in Argentina.
Trump said that the officials would see if the deal with China is possible, adding that Beijing “is supposed to start buying Agricultural product and more immediately.”
Beijing and Washington announced a truce in their escalating trade war last week after Trump and Xi met on the side-lines of the G20 summit in Argentina.
The US president promised his Chinese counterpart that the tariff hike would be suspended, but added that if the negotiations do not succeed within three months, the tariffs would be imposed by Washington as planned.
In the meantime, according to National Economic Council Director Larry Kudlow, China had made a commitment to lift 40-percent tariffs on US vehicles.