G20 Summit Brings Ceasefire To TRADE WAR

US President Donald Trump and his Chinese counterpart Xi Jinping held talks on the sidelines of G20 Summit in Argentina. The main issue of the talk was the ongoing Trade War between the two countries. Due to this conflict both the countries increased tariffs on the imported goods. US also accused China of stealing their intellectual property and also insulating many important sectors of Chinese market from foreign players.
After the recent talks both sides have agreed for a truce and will not be imposing any new tariff for next 90 days. China has also agreed on reducing tariffs on US cars which are presently at 40%.
Even Trump agreed to hold on the further increase in tariffs which were supposed to become 25% from current 10% by January 1st. In exchange of that China is going to purchase significant amount of US technology. 

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