China promises prompt action on United States trade pact

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US President Donald Trump has held out the possibility of an extension of the 90-day trade truce with China but made clear he would revert to tariffs if the two sides could not resolve their differences.

The leaders attended the G-20 summit in Buenos Aires, Argentina. As part of the agreement, Trump - who called the deal "incredible" - said that he'll delay the United States' plan to impose tariffs on $200 billion in Chinese goods.

"I think this is more about delaying the inevitable as much as [the Chinese] possibly can", Keane, a Fox News senior strategic analyst, said. "China does not want Tariffs!"

Officials from the United States and a number of other major economies have often criticized China for its slow approach to negotiations and not following through on commitments.

China has said comparatively little about the Trump-Xi agreement after senior Chinese officials briefed the media following the meeting, and US and Chinese accounts of what the deal entails have sometimes differed.

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"Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina".

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On Monday, Trump tweeted that China had agreed to remove tariffs on American autos, but White House aides struggled to explain specifics about the deal, according to the Associated Press.

"Officials now face the hard task of fleshing out a deal that is acceptable to the Chinese but also involves significant enough concessions not to be torpedoed by the China hawks in the Trump administration", Capital Economics said in a note this week, adding that higher tariffs could simply be delayed.

In Buenos Aires, Trump agreed to delay the scheduled USA tariff increase for 90 days while the two sides negotiate over the administration's complaints related to how Beijing systematically steals trade secrets and forces the US and other foreign countries to hand over sensitive technology as the price of admission to the vast Chinese market. But he added, "if that's real" - raising some doubt - it would close the USA trade deficit with China, and 'we have to have a negotiated agreement and have this on paper'.

The 90-day timetable started Saturday and will stave off a round of tariffs on Beijing that were scheduled to go into effect on January 1, the White House said on Monday.

The two leaders on Saturday agreed to the ceasefire in a trade war that has seen the flow of hundreds of billions of dollars worth of goods between the world's two largest economies disrupted by tariffs.

The commerce ministry said China-US trade and economic discussions were "very successful".

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