Trump says US will not impose new tariffs on China exports

In apparent policy reversal, president says US companies can sell to Huawei

20190629 G20-SUMMIT/TRUMP

U.S. President Donald Trump shakes hands with Chinese President Xi Jinping before their bilateral meeting during the G20 leaders summit in Osaka on Saturday. © Reuters

KATSUHIKO HARA, Nikkei Asian Review politics & economy news editor, and MITSURU OBE, Nikkei staff writer

OSAKA -- The U.S. will not levy new tariffs on Chinese exports, President Donald Trump said after bilateral talks with Chinese leader Xi Jinping on the sidelines of the Group of 20 summit in Osaka.

"For the time being we won't be lifting tariffs on China," Trump told reporters on Saturday, indicating that he does not plan to raise levies. "We will work with China. They are going to negotiate and start spending money."

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