NEW DELHI: The annual G20 summit at Japan’s Osaka concluded on Saturday with the trade war between the United States and China.
The G20 (or Group of Twenty) is a worldwide forum of governments from 19 countries and the European Union (EU), with an aim to facilitate international financial stability.
The US president Donald Trump indicated that he would not allow any additional tariff with China’s Xi China’s President Xi Jinping reached an agreement at the G20 summit in Japan.
Both the leaders agreed to start trade-realted discussions afresh.
Trump has said that the US would not be putting tariffs on $300 billion (£240 billion) worth of Chinese imports and allowed the American companies to continue to sell to the controversial Chinese technology giant Huawei.
Meanwhle, India led by Prime Minister Narendra Modi has earlier indicated that the country would not backtrack from the Russian S-400 defense system deal, and the issue did not surface during talks with the US.
India expressed that appropriate financial incentives would be provided if oil imports from Iran hit a sanction.
Modi also said that it would be left to the country on using fifth generation (5G) technology network equipment.
The US has been asking the ally governments worldwide including the UK and India to shun rival China’s Huawei telecom gear, following its blacklisting on the back of snooping concerns.
India that has more than a billion mobile subscribers is expected to take a calibrated call and may ban the Chinese company from the core network.