Trump’s China trade truce cheered by U.S. business leaders

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President Trump’s breakthrough in trade talks with Chinese President Xi Jinping got cheers Sunday from top business executives who had criticized the administration’s get-tough tariff tactics.

The Business Roundtable, a group of chief executive officers from America’s major corporations, said it was “very encouraged” by the outcome of the talks Saturday in Buenos Aires.

“We are hopeful this will lead to both important reforms in China and a de-escalation in trade tensions between the U.S. and China,” the group said in a statement.

The breakthrough occurred at a more than two hour dinner meeting in Buenos Aires, where Mr. Trump and Mr. Xi were attending a summit for the Group of 20 leaders.

The U.S. agreed to a 90-day delay of higher tariffs that were set to hit China on Jan. 1, and Beijing agreed to begin opening its markets to American goods.- READ MORE

 

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