Back and forth on trade can be expected in months ahead
China and the United States agreed to suspend tariff hikes and restart trade talks at the meeting between President Xi Jinping and his US counterpart Donald Trump in Argentina on Dec 1.
In the context of the escalating trade frictions between the two countries, the meeting between the two heads of state drew worldwide attention, given that it was not only related to China-US economic and trade relations, but the future development of the world economy and global trade to a large extent.
From the information released, we can seemingly conclude that an agreement was reached with the US attaching some strings, such as "immediately start purchasing agricultural products from US farmers" and the setting of a 90-day deadline for the two sides to reach a negotiated solution.
