The current president and President Xi Jinping of China agreed earlier today, local time, in Japan, to resume trade talks after a seven-week breakdown, averting for now an escalation of their multibillion-dollar tariff war that has roiled global markets and threatened the future of the world’s two largest economies.
The agreement, brokered during more than an hour of discussion [resolution to world problems in 60 minutes?!!?] between the leaders, did NOT by itself signal any major breakthrough in resolving the fundamental conflict.
Trump promised to hold off on his threat to slap new 25 percent tariffson $300 billion in Chinese imports, and he agreed to lift some restrictions on Huawei, the Chinese technology giant at the center of a dispute between the nations.
In exchange, The Weave said, China agreed to buy a “tremendous amount” of American food and agricultural products. “We will give them a list of things we want them to buy.”
Donnie, Xi already has our list…and much, much more!
Lobster on the Prairie 