High-level American and Chinese representatives , including presidents Trump and Xi , met to discuss trade issues at the 2018 G20 Buenos Aires summit in late 2018 . After their meeting , Trump asserted he had made an " incredible deal " with China , which included a 90-day deadline for progress in trade talks , a reduction in Chinese tariffs on American cars and a commitment from China to buy large amounts of American agricultural products . China confirmed only the 90-day timetable . Administration officials Larry Kudlow and Steven Mnuchin later struggled to explain what was agreed to in the talks , and one top White House adviser stated , " Nobody knows what the deal is , " although Trump aides privately stated that China had not agreed to relax car tariffs . '' The Washington Post '' reported that Chinese officials were " puzzled and irritated by the administration 's shaky handling of the meeting 's aftermath , " citing a former American government official who had spoken with the Chinese , who added " You do n't do this with the Chinese . You do n't triumphantly proclaim all their concessions in public . It 's just madness . " Investment bank JPMorgan wrote in a note to traders , " It does n't seem like anything was actually agreed to at the dinner and White House officials are contorting themselves into pretzels to reconcile Trump 's tweets ( which seem if not completely fabricated then grossly exaggerated ) with reality . " The Dow jumped 288 points the day after Trump announced the deal with China , but plunged 799 points the next day as doubts surfaced about it . Trump agreed during the summit to suspend the threatened January 1 , 2019 tariff increase on $ 200 billion in Chinese goods
2018 G20 Buenos Aires summit
2018 G20 Buenos Aires summit
Economic policy of Donald Trump