By Reuters  December 2, 2018 | 11:44 am GMT+7 U.S. President Donald Trump, U.S. President Donald Trump’s national security adviser John Bolton, U.S. Treasury Secretary Steven Mnuchin attend a working dinner with Chinese President Xi Jinping after the G20 leaders summit in Buenos Aires, Argentina December 1, 2018. Photo by Reuters/Kevin Lamarque China and the U.S. have agreed to halt additional tariffs as both nations engage in new trade negotiations for 90 days. The White House announced the halt on Saturday after President Donald Trump and Chinese President Xi Jinping held high-stakes talks in Argentina. Trump agreed not to boost tariffs on $200 billion of Chinese goods to 25 percent on Jan. 1 as previously announced, while Beijing agreed to buy an unspecified but “very substantial” amount of agricultural, energy, industrial and other products, the White House said in a statement. China “is open to approving the previously unapproved” deal for U.S. company Qualcomm Inc (QCOM.O) to acquire Netherlands-based NXP Semiconductors (NXPI.O) “should it again be presented.” In July, Qualcomm – world’s biggest smartphone-chip maker – walked away from a $44 billion deal to buy NXP Semiconductors after failing to secure Chinese regulatory approval, becoming a high-profile victim of the… Read full this story
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