US, China reach partial agreement to ease trade war
Senior US and Chinese negotiators reached a “partial agreement” on Friday that will help find a truce in the trade war and lay the foundations for a broader deal that US President Donald Trump and his Chinese counterpart Xi could sign, Bloomberg news agency reported, citing informed sources. Jin Ping later this year.
The White House did not confirm the report, which pushed US stock indices higher.
Asked if investors were right in their optimism, US Treasury Secretary Stephen Mnuchin told reporters: “The stock market is always right,” noting that Trump will be briefed on the results of the latest round of trade talks before meeting later on Friday with the deputy prime minister. Liu He, who led his country’s delegation to the talks.
“China has extended an official invitation to Manuchein and US Trade Representative Robert Lighthizer and their teams for another round of trade talks in China, ahead of next month’s Asia-Pacific Economic Cooperation (APEC) summit,” a CNN reporter said. Source