US, China agree to trade war ceasefire, more talks

Following more than two hours of dinner talks between the two leaders, the White House said an increase of tariffs from 10 to 25% due to kick in on Jan 1 would now be put on hold, providing room for intense negotiations. Xi avoids further immediate pressure on China's slowing economy, while Trump can ease damage to agricultural US states that export to China, especially soybean.

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