Earlier this week, POTUS Trump and Chinese President Xi Jinping dined together at the G-20 summit in Buenos Aires, Argentina. The primary subject: Trade.
Following the dinner, both sides announced some progress. The U.S. and Chinese governments would suspend tariff regimes for 90 days while trade negotiators from both countries attempted to work out a more permanent compromise.
Making trade fairer between the U.S. and China is a central tenet of POTUS Trump’s economic agenda and a major part of his "MAGA" plan. Without question, there needs to be a better balance: On Thursday, the Commerce Department announced that the U.S. trade deficit has grown to a near-monthly record of about $55.5 billion in October, the highest since 2008. And most of that was with China.
Following the dinner/meeting, the Chinese Ministry of Commerce said that it was "very successful," adding, "we have confidence in the implementation" of what was agreed upon.