SINGAPORE (Dec 10): The US-China trade war has come to a halt for now. At a dinner meeting on Dec 1 in conjunction with the Group of 20 (G20) Summit in Buenos Aires, US President Donald Trump and Chinese Premier Xi Jinping agreed to a ceasefire for 90 days. 

Trump agreed to delay his plans to increase tariffs on Jan 1, 2019, on US$200 billion ($274.1 billion) worth of Chinese goods, while Xi has agreed to help the US with its trade deficit with China by acquiring a substantial amount of agricultural, energy, industrial and other products from the US.

Currently, the US has imposed tariffs on US$250 billion worth of Chinese products, while China has slapped tariffs on US$110 billion of US products.

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