Loading ...Osaka, Japan (CNN)US President Donald Trump says trade talks with China have been successfully revived and new tariffs are on hold after his highly anticipated meeting with Chinese President Xi Jinping—-
- Trump suggested he will be reversing his government’s decision to ban American companies from selling products to Chinese tech giant Huawei.
“We’re right back on track. We’ll see what happens,” Trump said after the talks wrapped. The leaders met for more than an hour.
Later, Trump told reporters he would hold off — FOR NOW (!) — on imposing new tariffs that he’d threatened IF an agreement couldn’t be reached, though said existing duties would remain.
“I promised that for at least the time being we’re not going to be lifting tariffs on China. We won’t be adding an additional tremendous amount — we have $350 billion left that could be tariffed, taxed — we’re not going to be doing that,” Trump told reporters at his closing G20 news conference in Japan.As to whether or not we can make a deal, time will tell,” Trump said US officials said this week there has been little indication over the past weeks that China is willing to cede to American demands they reform their economy.