BUENOS AIRES, Argentina -- U.S. President Donald Trump and Chinese President Xi Jinping declared a temporary truce in their trade war on Dec. 1 after Washington agreed to a 90-day extension on the imposition of additional tariffs and Beijing pledged to buy a "substantial amount" of U.S. products to reduce the trade imbalance.
The cease-fire came on the sideline of the Group of 20 summit, where the two leaders discussed ways to de-escalate trade tensions between the world's top two economies. However, the talks also set the stage for difficult negotiations until March to address deep-rooted structural issues that are hindering a lasting agreement, leaving many experts to believe the two countries could soon clash again.
