Wednesday, December 05, 2018

Trump's impromptu China trade deal unravels

Skepticism mounted Tuesday about President Trump’s impromptu trade agreement with the president of China, as Mr. Trump threatened new penalties against Beijing if the deal falls through. Stock markets plummeted. White House officials acknowledged that China hasn’t fully committed to eliminate auto tariffs, as Mr. Trump announced Sunday in a tweet. Officials downplayed expectations about reaching a broader trade deal that would end the tariff war. “It hasn’t been signed and sealed and delivered yet,” said White House economic adviser Larry Kudlow, who added later in the day that “I have no assurances” China will change its trade behavior...MORE

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