Otherwise, China - which has been incredibly protective of its own domestic auto industry, and probably doesn't want competition from other countries - could create a special tariff line in its itemized tariff system, meaning it would invent a new line that would only specifically apply to autos produced in the U.S. The Chinese have not acknowledged a 90-day deadline for the talks or said that they plan to "immediately" increase purchases of U.S. farm goods. Vice Commerce Minister Wang Shouwen told reporters that China and the United States would step up talks to remove the existing 25 percent tariffs (on some other products), but gave no timeframe.
The U.S. and China have announced only vague commitments and started a 90-day clock to try to reach a trade deal, but Trump has repeatedly cited specific agreements from China that Beijing has yet to confirm.
But the deal was also vague, and the uncertainty has led to skepticism that the divides between the U.S. and Chinese goals can be bridged.
Trump's economic team has spun his knee-jerk protectionism as a tactic created to negotiate "better" trade deals - but so far, those better trade deals don't seem to be stronger than the status quo ante.
On Tuesday, President Trump has declared himself a "Tariff Man" in tweeting about the state of progress with China, doubling down the threat to raise tariffs on Chinese goods if a deal isn't solidified. But if not remember, I am a Tariff Man", he tweeted on Tuesday. "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so.
"I think there'd be quite a burst in shipments of small, less-expensive Korean cars to China, and also of parts, that's another big part of auto trade", he said.
There are significant differences between the two governments over what was agreed at the dinner, according to a side-by-side comparison of their post-meeting statements prepared by Bloomberg.
Members of Trump's economic team continued to temper optimism about a deal Tuesday.
Wang added that the two also agreed to open markets to each other, and that China will work to gradually resolve United States concerns in the process of further opening-up.
Trump and Xi said they would hold off on imposing additional tariffs for 90 days starting on December 1 while they sought to resolve their trade disputes that have seen the flow of hundreds of billions of dollars worth of goods disrupted by tariffs.
But despite the uncertainty and threats, Trump also said he was open to signing an agreement if one is reached between Chinese and USA negotiators.
The president also explained his philosophy of why he supported tariffs with foreign countries.
The 90-day truce in the escalating trade war between the US and China came during a dinner meeting between the two presidents following the G-20 summit of the world's biggest economies in Buenos Aires.
Confusion has also arisen over when the agreed 90 day period for negotiations will kick in, with some saying it begins now, others claiming it's January.