Chinese President Xi said Beijing will "significantly lower" tariffs on auto imports; no direct mention of trade dispute with Trump. apne.ws/JQTwz3u
This is certainly an interesting development >> twitter.com/AP/status/9835…
From the AP:
President Xi Jinping promised Tuesday to cut China’s auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade and technology that investors worry could set back the global economic recovery.
Speaking at a business conference, Xi made no direct mention of his American counterpart, Donald Trump, or the dispute. He promised progress on areas that are U.S. priorities including opening China’s banking industry and boosting imports but didn’t address key irritants for Washington such as a requirement for foreign companies to work through joint ventures that require them to give technology to potential local competitors.
Private sector analysts saw Xi’s speech as an overture to help end the biggest trade dispute since World War II. It has fueled fears the global economic recovery might be set back if other governments are prompted to raise their own import barriers.
Maybe his tweets work? This is from Monday morning:
So, will the media give President Trump any credit for this?
This would be a big win for President Trump twitter.com/AP/status/9835…
Or maybe it’s Elon Musk who won the day:
