Trade war truce: markets jump as Trump says China will halt new car tariffs

Chinese state media welcomes break in trade war but warns there is ‘no magic wand’ that would fix relations immediatelyChina has agreed to “reduce and remove” tariffs below the 40% level that Beijing is currently charging on US cars, Donald Trump has claimed, amid a trade war truce agreed by the two countries.The US president and Chinese leader Xi Jinping agreed to halt new tariffs during talks in Argentina on Saturday, following months of escalating tensions on trade and other issues. Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *