5 Takeaways From the G20 Summit: Easing Off the Trade War, for Now – The New York Times
Mr. Trump also said that the United States would not impose any new tariffs on Chinese exports while the talks were underway, and that China had agreed to resume broad purchases of American farm products and other goods.
The negotiations broke down seven weeks ago, when the Chinese side said that it could not accept some provisions that had been tentatively agreed to in an incomplete draft. The Saturday developments delay the imposition of 25 percent tariffs on some $300 billion in Chinese imports.
In a more surprising move, Mr. Trump backtracked on a ban on sales of American equipment to Huawei, the Chinese telecom giant. “U.S. companies can sell their equipment to Huawei,” Mr. Trump said, explaining that he wanted to help American companies that had complained about the ban. In exchange, he said, China agreed to buy a “tremendous amount” of American food and agricultural products.
In May, the Commerce Department put Huawei on a blacklist that prohibits American companies from selling equipment to Huawei. The move was a major blow to Huawei, which relies on chips and other equipment from the United States.