'Tariff Man' Trump Says He May Extend Truce in China Trade War

Trump Said China Has Agreed To Cut Tax On US Made Cars

Trump Said China Has Agreed To Cut Tax On US Made Cars

Wall Street's major indexes rallied on Monday following a truce between the United States and China in their trade dispute, which has clouded the outlook for the stock market for much of the year.

Also Friday morning, Larry Kudlow, director of Trump's National Economic Council, said in an appearance on CNBC that Trump has indicated he might be willing to extend the current 90-day negotiating window if there's "good, solid movement and good action".

Trump said he and Xi "have a very strong and personal" relationship.

'People are still very concerned about the trade war, ' Dan Suzuki, portfolio strategist at Richard Bernstein Advisors told CNN.

China's government isn't yet able to formulate its response to the summit on trade with Trump as senior officials are still out of the country with Xi, according to three officials who were briefed but declined to be named as the matter isn't public. Before this decision to cut the extra taxes on the USA made cars China used to levied more than 40% taxes on all the United States made imported vehicles in their country.

Trump agreed in July not to impose higher duties on European Union cars while the two sides sought to improve ties in a number of fields, from regulatory cooperation to energy and a deal to remove tariffs on industrial goods.

Officials in Beijing declined to comment on Trump's auto tweet and haven't confirmed such an agreement.

Chinese State Councilor Wang Yi told reporters, "The two presidents agreed that the two sides can and must get bilateral relations right".

China declined to confirm that such a deal had been struck.

Trump on Wednesday touted Beijing's agreement to designate Fentanyl as a Controlled Substance.




US soybean futures rose to their highest level since at least August, part of a broader commodities rally. It wasn't clear whether the preparations meant China would cut the retaliatory tariffs it imposed on those products, or when the purchases would happen.

Consider how China has played this game.

President Donald Trump met Tuesday with executives from Germany's big automakers amid U.S.

Kudlow told reporters yesterday that the administration would meet with the executives individually and would talk about "a lot of things, including our hope that they will continue to invest directly in the USA and that they will use". 'Maybe that's why I'm here'.

"We hope that this will serve as a starting point for additional negotiations, and an agreement in the future that will allow USA companies to remain competitive in a global marketplace while protecting intellectual property rights", MEMA said.

'The actual amount of concrete progress made at this meeting appears to have been quite limited, ' Alec Phillips and other economists at Goldman Sachs wrote in a research note.

Chinese officials have begun preparing to restart imports of U.S. soybeans and liquefied natural gas, the first sign confirming the claims of President Donald Trump and the White House that China had agreed to start buying some USA products "immediately".

White House National Security Adviser John Bolton told the Wall Street Journal event on Tuesday that Chinese theft of US intellectual property was among the administration's top concerns.

The two leaders on Saturday agreed to the ceasefire in a trade war that has seen the flow of hundreds of billions of dollars worth of goods between the world's two largest economies disrupted by tariffs.

Trump agreed to hold off on plans to raise tariffs on $200 billion in Chinese goods, which were supposed to kick in on January 1.

Recommended News

  • Trump meets Bush family ahead of funeral

    Trump meets Bush family ahead of funeral

    Trump has often aimed political taunts at the Bush family, long a symbol of the traditional, more moderate wing of the U.S. Bush announced that Sully is heading to his next assignment: Walter Reed National Military Medical Center in Maryland.
    Sophie Turner Slams Claims Priyanka Chopra & Nick Jonas's Relationship Is Fake

    Sophie Turner Slams Claims Priyanka Chopra & Nick Jonas's Relationship Is Fake

    The one time a South Asian woman is thriving in Hollywood after working so hard, she gets called a scammer. "Forget petty. The delicate tulle veil was carried by five people as Priyanka walked down the aisle with her mother Madhu at her side.
    Ask Farrell: Will Urban Meyer return to coaching at some point?

    Ask Farrell: Will Urban Meyer return to coaching at some point?

    Late last month, it was reported that Urban Meyer would address his coaching future following the Big Ten championship game. I think his ego took such a hit and his arrogance is so vast that he made the decision to leave right after the suspension.
  • Huawei finance chief Meng Wanzhou arrested in Canada

    Huawei finance chief Meng Wanzhou arrested in Canada

    Privately held Huawei recently surpassed Apple as the second biggest maker of cellphones after South Korea's Samsung Electronics. The SCMP obtained a transcript of an internal question-and-answer between Meng and her father, Huawei's founder Ren Zhengfei.
    Giuliani says Twitter sabotaged his tweet. Actually, he did it himself

    Giuliani says Twitter sabotaged his tweet. Actually, he did it himself

    Web designer and comic Jason Velazquez noticed the gaffe and pounced, purchasing the domain and posting a message: " Donald J. A Twitter spokesman said "the accusation that we're artificially injecting something into a tweet is completely false".
    Rosas' overtime FG the winner as Giants stun Bears 30-27

    Rosas' overtime FG the winner as Giants stun Bears 30-27

    Odell Beckham Jr proved once again on Sunday he is pure box office in the NFL! The Giants made many big plays in the second half. Right now, it feels like a missed opportunity as the focus returns to the status of Trubisky's shoulder over the next few days.
  • Mueller: Russia sought 'synergy' with Trump campaign in 2015

    Mueller: Russia sought 'synergy' with Trump campaign in 2015

    Trump says his campaign had nothing to do with them and he denounces Mueller's investigation as a "hoax" and a "witch hunt". Cohen had been hoping prosecutors would make a similar recommendation in his case.
    Luxembourg to become first country to make all public transport free

    Luxembourg to become first country to make all public transport free

    This summer, the government brought in free transport for every child and young person under the age of 20. A study suggested that drivers in the capital spent an average of 33 hours in traffic jams in 2016.
    China trade war talks will end in March - unless they don't

    China trade war talks will end in March - unless they don't

    The economic agreementTrump said he reached with Chinese leader Xi Jinping on Saturday showed signs of unravelling by Tuesday. Senior Chinese officials did not mention this deal in a news conference. -China trade talks were on track.
  • Trump to pick State Dept spokeswoman Heather Nauert as United Nations  envoy

    Trump to pick State Dept spokeswoman Heather Nauert as United Nations envoy

    Haley similarly had little foreign policy experience when appointed, although she had a national name as the governor of SC . A tough stance on North Korea remains one of the top agenda items for both the UN Ambassador and the Secretary of State.
    Rahm vs. Stenson in Round 3?

    Rahm vs. Stenson in Round 3?

    Woods was hopeful of much better considering how he struck the ball, though he missed plenty of chances. Beating Woods in the Ryder Cup singles was one of the greatest moments of his career, he said.
    New ‘Captain Marvel’ Trailer Further Reveals Brie Larson’s Powerful Superhero

    New ‘Captain Marvel’ Trailer Further Reveals Brie Larson’s Powerful Superhero

    Captain Marvel flies into theaters next year on March 8, 2019 . "Your life began the day it almost ended", she says in the clip. The previous trailer left people wondering if she was completely an invention of the Kree who merely dreamed she was human.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.