China will be opening up.
"The two teams will follow the principle guidance reached by the two presidents and step up their negotiations toward the elimination of all additional tariffs", said Wang.
The truce between the US and China emerged after a highly anticipated dinner Saturday between Trump and Xi on the sidelines of the Group of 20 summit in Argentina.
"It's an incredible deal", Trump told reporters aboard Air Force One on the flight home to Washington, adding it would have an "incredibly positive impact" on American farmers. If they fail to reach an agreement by the end of this period, the tariffs will be increased to 25 percent from 10 percent.
Sound China-U.S. relations, Xi said, are in line with the fundamental interests of the two peoples and the broad-based expectations of the worldwide community.
The Group of 20 industrialized nations called for reforms to the crisis-stricken World Trade Organization in a final statement from a two-day gathering in Argentina, marking a victory for Trump's drive to overhaul the trade body.
It went over the allotted time, and ended with a round of applause from those in the room, observers said. The news was first reported by Chinese state-run television, and then by Bloomberg in the U.S.
"Some Chinese speculate about what compromise the United State can make in the future because China promised a lot and Trump just promised to not raise USA tariffs", he added. Washington and Beijing have also increasingly been at odds over security in the Asia-Pacific region. For more than a year, Trump has raised concerns about the synthetic opioid being sent from China to the United States, which is facing an epidemic of opioid-related deaths. Prior to dinner, Trump said he will urge Xi to address the "tremendous fentanyl problem" and "criminalize it in China" so that it does not get to the American market.
3 sites eyed for Trump-Kim summit in early 2019, president says
South Korean and U.S. soldiers stand guard at the truce village of Panmunjom, July 2017. " We're getting along very well ". Trump told reporters aboard Air Force One on his return from Argentina he thinks the meeting will be in early 2019.
Wang said the two sides also agreed to open market to each other and China will, in the process of its further opening-up, work to gradually resolve the legitimate USA concerns.
Over a dinner of steaks and Argentine wine in Buenos Aires, Trump and President Xi Jinping brokered a truce to ensure that - for now - there will be no further escalation to their tit-for-tat imposition of tariffs on goods worth hundreds of billions of dollars.
Officials expressed relief that agreement on the summit communique was reached after negotiators worked through the night to overcome differences over language on climate change.
He cited "market access restrictions, weak intellectual property rights protection, unfair industrial policies, the slow pace of economic reforms and lack of regulatory transparency".
Olympics in sight for Canadian women's rugby sevens team
France stamped their authority in the first half as they scored two converted tries to take a 14-0 lead at the interval. Knewstubb was tackled in the air taking the opening kickoff, causing America's Perry Baker to be sin-binned.
Many in Europe have looked to Merkel as Trump has called into question traditional trans-Atlantic ties with his announcements of trade tariffs, repeated criticism of European contributions to NATO and other issues. Democrats favor provisions of the USMCA that encourage automakers to shift production back to the United States.
"I think the worst of it is that the conflict between China and the U.S.is again showing the limits of multilateral institutions, in particular the World Trade Organization", Roberto Bouzas, an global relations and economics professor at the Universidad de San Andres, told VOA.
Mr. Trump has weathered fierce criticism of his use of tariffs to force China to deal, including from the Business Roundtable. Numerous countries have filed litigation at the WTO to contest the levies. Christine Lagarde, managing director of the International Monetary Fund, said Saturday that "trade tensions have begun to have a negative effect" and are increasing the risk that growth will disappoint.
Shock draw sees Deontay Wilder retain WBC title
Wilder (40-0, 39 KOs) is coming off a victory this past March over Luis Ortiz in which he had his loyal fanbase a bit anxious . Tyson Fury has targeted a rematch with Deontay Wilder at Old Trafford. "We're the two best in the world and we proved it.