In Argentina last weekend, Trump and Xi agreed to a truce that delayed a planned hike of U.S. of tariffs on $200 billion US of Chinese goods while they negotiate a trade deal. China's ultimate goal during the 90-day trade talks is to remove all U.S. tariffs imposed on Chinese goods, Gao said. The United States has levied additional duties of between 10 per cent and 25 per cent on $250 billion of Chinese goods this year as punishment for what it calls China's unfair trade practices. Consensus reached at G20"China and United States have reached very important consensus as both sides' interests overlap," Gao said. The daughter of Huawei's founder is facing extradition to the United States, dealing a blow to hopes of an easing of Sino-U.S. trade tensions and rocking global stock markets.

Source: CBC News December 06, 2018 09:11 UTC