BEIJING/OSAKA: China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely. Chinese state media said so after the two countries’ presidents held ice-breaking talks in Japan. The world’s two largest economies are in the midst of a bitter trade war.
Two countries are on the spree of leveling increasingly severe tariffs on each other’s imports. In a sign of significant progress in relations on Saturday, Chinese President Xi Jinping and U.S. President Donald Trump, on the sidelines of the G20 summit in Osaka, agreed to a ceasefire on trade war and a return to talks.
However, the official China Daily, an English-language daily often used by Beijing to release its messages out to the rest of the world, warned while there was now a greater likelihood of reaching an agreement, there’s no guarantee there would be one.
“Even though Washington agreed to postpone levying additional tariffs on Chinese goods to make way for negotiations, and Trump even hinted at putting off decisions on Huawei until the end of negotiations, things are still very much up in the air,” it said in an editorial late Saturday. (Agencies)
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