Trump Says U.S. Hasn't Yet Agreed to Roll Back Tariffs as Part of China Trade Deal

Date : 08/11/2019 @ 16:13
Source : Dow Jones News

Trump Says U.S. Hasn't Yet Agreed to Roll Back Tariffs as Part of China Trade Deal

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)

Copyright (c) 2019 Dow Jones & Company, Inc.
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