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Gist of White House statement on US-China summit

File photo taken in November 2017 shows U.S. President Donald Trump (R) and Chinese President Xi Jinping at the Great Hall of the People in Beijing. (Kyodo)

BUENOS AIRES (Kyodo) -- The following is the gist of a White House statement issued after a meeting between U.S. President Donald Trump and Chinese President Xi Jinping on Saturday in Buenos Aires.

-- Trump holds off planned U.S. tariff increase from 10 percent to 25 percent on $200 billion worth of Chinese imports.

-- China will buy "very substantial amount" of U.S. farm, energy, industrial product to reduce bilateral trade imbalance.

-- China agrees to start buying agricultural product from American farmers immediately.

-- Trump, Xi will immediately begin talks on issues such as forced technology transfer and intellectual property protection.

-- U.S. will raise 10 percent tariffs to 25 percent if the two sides fail to reach agreement on resolving such issues in 90 days.

-- Trump, Xi will strive to achieve nuclear-free Korean Peninsula in cooperation with North Korean leader Kim Jong Un.

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