President Trump’s breakthrough in trade talks with Chinese President Xi Jinping was cheered Sunday by top business executives who previously criticized the administration’s get-tough tariff tactics.
The Business Roundtable, a group of chief executive officers from America’s major corporations, said it was “very encouraged” by the outcome of the talks Saturday in Buenos Aires.
“We are hopeful this will lead to both important reforms in China and a de-escalation in trade tensions between the U.S. and China,” the group said in a statement.
At a more than two-hour dinner meeting in Buenos Aires, the U.S. agreed to temporarily halt escalating trade actions and China agreed to begin opening up its markets to American goods.
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