The US and China agreed to resume trade talks, facilitating a lengthy line that led to a worldwide financial slowdown. At the G20 Summit in Japan, US President Donald Trump and Chinese President Xi Jinping reached consensus.
Mr Trump also said he would allow U.S. firms to continue selling to the Chinese tech giant Huawei in a move seen as a major concession. After the sidelines meeting in Osaka, however, he confirmed that the US would not add tariffs on Chinese imports worth $300bn (£ 236bn).
He also said he would proceed “for the moment being” to negotiate with Beijing. And the U.S. president stated at a subsequent press conference that U.S. technology businesses could sell to China’s Huawei again-efficiently reversing a ban enforced by the U.S. trade department last month.