The U.S. and China have agreed to restart trade talks and the Trump administration will hold off on imposing tariffs on the remaining $325 billion worth of Chinese goods imported to the U.S. The trade truce was announced by U.S. President Donald Trump after an 80-minute meeting with Chinese President Xi Jinping at the Group of 20 summit in Osaka, Japan. While the truce has temporarily alleviated the threat of additional tariffs, the Trump administration is still charging 25 percent tariffs on $250 billion worth of Chinese goods imported into the U.S.