China and U.S Meeting on Trade War
The U.S President tweeted that the progress was being made in resolving the 17- month trade war.
The stock market is on rise after the news on trade deal between China and United States.
There are indications of an end to the trade war between the two powerful economies after the U.S President Mr Trump tweeted: “Getting VERY close to a BIG DEAL with China. They want it, and so do we!”
Getting VERY close to a BIG DEAL with China. They want it, and so do we!
— Donald J. Trump (@realDonaldTrump) December 12, 2019
Sources are suggesting that details of the terms, including the tariff cuts, would be released on Friday.
There has been a progression of tit for tat trade taxes which have been generally accused for harming the more extensive world economy through debilitated interest for exports. Also 25% tariffs on US-made vehicles would be reintroduced.