Stocks soar after trade war with China cools amid negotiations
President Donald Trump is touting a dramatic de-escalation of his trade war, calling it a “total reset” with China after negotiations over the weekend lowered tariffs from 145% to 30% for three months. In his first remarks since the temporary truce, Chinese leader Xi Jinping says “There are no winners in tariff wars or trade wars.” NBC’s Christine Romans reports for TODAY.
President Donald Trump is touting a dramatic de-escalation of his trade war, calling it a “total reset” with China after negotiations over the weekend lowered tariffs from 145% to 30% for three months. In his first remarks since the temporary truce, Chinese leader Xi Jinping says “There are no winners in tariff wars or trade wars.” NBC’s Christine Romans reports for TODAY.
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