The highly-anticipated U.S.-China trade talks between Presidents Donald Trump and Xi Jinping ended a few hours ago on the sidelines of the G20 summit in Osaka.
For the latest, we have our business correspondent Kim Hyesung on the line.
Hyesung, so how did the discussions go?
Daniel, President Trump just held a press conference in Osaka starting a little before 4 PM, Korea time, touching on the G20 and the trade talks he had with President Xi.
They agreed that trade talks that broke down in May will resume, the U.S. will not impose any new tariffs on Chinese goods and China will buy more U.S. agricultural goods immediately.
Remember, China had said it will purchase one trillion U.S. dollars worth of U.S. agricultural goods, including soybeans, over the next six years.
Trump also said he discussed the issue of the blacklisting of Huawei, and said the Chinese tech firm is the last issue in trade talks...saying U.S. companies can sell equipment to Huawei, adding that it's for equipment where there's no great national emergency problem with it.
The last issue in talks, just to show how tricky and complex the issue of banning trade with Huawei is.
China's state-run Xinhua News Agency also reported the two sides agreed to restart trade negotiations and that the U.S. will not impose new tariffs on remaining 300 billion dollars worth of Chinese imports.
It remains to be seen if the U.S. and China can reach a deal on trade.
But for now, there's no escalation in trade tensions and trade talks will continue.
In a way, it's just like what we saw last December, when Presidents Trump and Xi agreed on a trade truce during their talks on the sidelines of the G20 summit in Argentina where they agreed to a 90-day ceasefire.
Back to you, Daniel.
Thank you for that Hye-sung, please keep us posted.
