US-China trade truce poised to boost crude, commodity flows

摘要

Singapore-The US and China have agreed to resume trade negotiations, a move poised to help recover commodity trade flows, including US crude oil and agricultural products, which had declined sharply since the trade conflict began. The developments announced Saturday on the sidelines of the G20 summit in Osaka, Japan, included the US agreeing to halt further tariff hikes on Chinese goods and China agreeing to immediately increase purchases of American goods.