Trump confirms won’t impose new tariffs on China

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(Osaka) – The United States will not impose any new tariffs on China for now, President Donald Trump said after high-stakes talks with his Chinese counterpart on the bruising trade war.

“At least for the time being,” Washington will not impose new tariffs or remove existing ones, Trump said at a press conference after the G20 summit in Japan´s Osaka. “We will be continuing to negotiate.”

The US President said trade negotiations with China were “back on track” after “excellent” talks. 

The crunch talks on the damaging trade war between the world´s top two economies came on the sidelines of a meeting of the G20 in Japan´s Osaka, with all eyes on whether the pair would agree a truce.

“We had a very good meeting with President Xi of China,” Trump said after the talks. “I would say excellent.”

“We are right back on track,” he added.

Both sides were expected to issue official formal statements later, but Trump confirmed that Washington had committed not to impose any new tariffs on Beijing´s exports and that the two sides will continue talks.