China promises action on US trade deal but gives no details
Story Date: 12/5/2018

 

Source: Joe McDonald, WRAL, 12/4/18

China promised Wednesday to carry out a tariff cease-fire with Washington but gave no details that might help dispel confusion about what Presidents Xi Jinping and Donald Trump agreed to in Argentina. China has yet to confirm Trump's claim Beijing promised to cut auto tariffs and immediately buy more American farm goods. Confusing and conflicting statements by Trump and U.S. officials, coupled with lack of Chinese confirmation, led to stock markets tumbling on Tuesday amid doubts about the chances for a final settlement of a fight over technology that threatens to chill global economic growth.

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