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US Pres. Trump Says He Has Not Agreed To Tariff Rollback

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Trump says he has not agreed to roll back tariffs on China, after week of trade optimism

From cnbc.com

President Donald Trump said Friday he has not agreed to scrap tariffs on Chinese goods, though Beijing would like him to do so. Stocks fell to their sessions lows following Trump’s comments, as optimism had risen about the prospects of the U.S. scrapping duties. On Thursday, Chinese Commerce Ministry spokesperson Gao Feng said negotiators from Washington and Beijing “agreed to remove the additional duties imposed on each other’s products in different phases after they make progress” in striking a trade deal,” according to a CNBC translation. Gao did not specify how much of the tariffs the world’s two largest ... (full story)

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