Toronto Star

US, China reach trade dispute ceasefire


BUENOS AIRES— The United States and China reached a 90-day ceasefire in a trade dispute that has rattled financial markets and threatened world economic growth. The breakthrou­gh came after a dinner meeting Saturday between President Donald Trump and Chinese leader Xi Jinping at the Group of 20 summit.

Trump agreed to hold off on plans to raise tariffs Jan. 1 on $200 billion in Chinese goods. The Chinese agreed to buy a “not yet agreed upon, but very substantia­l amount of agricultur­al, energy, industrial” and other products from the United States to reduce America’s huge trade deficit with China, the White House said.

The truce, reached after a dinner of more than two hours, buys time for the two countries to work out their difference­s in a dispute over Beijing’s aggressive drive to supplant U.S. technologi­cal dominance.

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