(CNN)The leaders of the world’s two largest economies, Donald Trump and Xi Jinping, agreed to a temporary truce on trade Saturday at a highly anticipated dinner in Argentina.
After a two-and-a-half hour discussion, Trump agreed to maintain the 10% tariffs on $200 billion worth of Chinese goods, and not raise them to 25% “at this time” ahead of a January 1 deadline, according to a White House statement from press secretary Sarah Sanders.
In exchange, China agreed it was willing to purchase a “very substantial” amount of agriculture, energy and other goods from the United States to help reduce the trade imbalance.
