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No concessions from China as Trump postpones some tariffs: U.S. officials

From reuters.com

China made no concessions to the United States after President Donald Trump postponed threatened tariffs on some Chinese imports until mid-December, senior U.S. officials said on Wednesday, adding that talks aimed at resolving the trade fight would continue and markets should be patient. “This was not a quid pro quo,” U.S. Commerce Secretary Wilbur Ross told CNBC television in an interview, using a Latin phrase meaning a favor exchanged for a favor. Trump on Tuesday backed off his Sept. 1 deadline for imposing 10% tariffs on thousands of Chinese imports, including technology products, clothing and footwear, pushing ... (full story)

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  • Category: Fundamental Analysis