-- China buys things from the U.S. that it needs and may otherwise buy from us (commodities and agriculture -- LNG and soybeans remain prime candidates). -- The U.S. holds off on increasing tariffs (the high tariffs have hurt the U.S. in addition to China, so it made sense to leave these lower for longer from both sides perspectives). -- China and the U.S. agree to talk more on things that matter -- longer-term tariff levels, intellectual property and access to markets.
The meeting between Donald Trump and Xi Jinping in Argentina was a success, according to both governments: China pledged to open its market and Washington agreed to postpone raising tariffs. But can China deliver on its promises? Screenshot: CCTV
SHANGHAI/HONG KONG, Dec 3 (Reuters) - China's stock markets surged, bond futures fell and its currency strengthened in early trade on Monday after a closely watched meeting between Chinese and U.S. leaders produced a ceasefire in their countries' bruising trade conflict. The deal agreed
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