Trump Says U.S. Hasn't Yet Agreed to Roll Back Tariffs as Part of China Trade Deal
November 08 2019 - 11:13AM
Dow Jones News
By Josh Zumbrun and Andrew Restuccia
WASHINGTON -- President Donald Trump said the U.S. hasn't yet
agreed to a rollback of tariffs, disputing a statement from China's
Commerce Ministry on Thursday that tariff relief would be part of
the first phase of a trade accord between the two nations
Stocks fell Friday on the president's remarks, which raised
questions about how smoothly negotiations between Washington and
Beijing are proceeding. The two sides have struggled to get on the
same page
On Thursday, the Chinese Commerce Ministry had said that China
and the U.S. had agreed that they would begin rolling back tariffs
as part of their deal. But almost immediately after the Chinese
made their announcement, The Wall Street Journal reported that the
Trump administration didn't confirm the Chinese statement, and
there were mixed signals from the administration on whether it was
accurate.
(More to come)
Write to Josh Zumbrun at Josh.Zumbrun@wsj.com and Andrew
Restuccia at Andrew.Restuccia@wsj.com
(END) Dow Jones Newswires
November 08, 2019 10:58 ET (15:58 GMT)
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