Talks between Chinese President Xi Jinping and U.S. President Donald Trump have concluded. No additional tariffs will be imposed after January 1, and negotiations between the two sides will continue. https://news.cgtn.com/news/3d3d414f3041444d31457a6333566d54/share.html
Previously, Trump put 10 percent tariffs on $200 billion in Chinese goods, which was planned to go up to 25 percent since Jan 1st 2018. https://www.cnbc.com/2018/09/17/trump-puts-new-tariffs-on-china-as-trade-war-escalates.html
The Trump-Xi talk today agreed to keep their trade war from escalating by halting any new tariffs for 90 days. It is a good news to the stock market, given that a truce talk between the world two largest economies will give both sides more room to negotiate future terms.
Edit: Thanks for the Gold Award! My very first one on Reddit. You make my day!
Submitted December 01, 2018 at 08:06PM by AlteregoMike https://ift.tt/2DSqNKl
