US business groups voice relief at revival of talks

Major US business groups said on Saturday that they were encouraged and relieved that the economic teams of United States and China will restart talks and that Washington will not impose new tariffs on Chinese imports.

They also expressed the hope that the progress made at a meeting of the two countries' leaders will lead to the end of the trade war.

"The US-China Business Council and its members are pleased that the United States and China have agreed to get back to the negotiating table on trade issues and to postpone further escalation of their tariff battles," the business council said in Washington, hours after Chinese President Xi Jinping and US President Donald Trump met on the sidelines of the G20 Osaka Summit.