Presidents Donald Trump and Xi Jinping agreed Dec. 1 to postpone more tariff hikes while the two sides negotiate over U.S. complaints that Beijing steals or pressures companies to hand over technology.
Trump agreed at that time to postpone a round of tariff hikes on $200 billion of Chinese imports planned for Jan. 1. On Friday, Beijing responded by announcing a 90-day postponement on imposing a 25-percent duty on imported U.S. vehicles.
"Both sides have taken the initiative to release positive signals," said Gao.