WASHINGTON: President Donald Trump yesterday hailed a breakthrough in his drawn-out trade war with China, saying the two sides reached an initial deal that included a surge in purchase of American farm products.
That would be a stunning feat, more than doubling from the prior level of less than US$20 billion in 2017. After more than a year of trench warfare, however, it remained unclear whether the countries could sustain the momentum needed to conclude subsequent “phases” of the deal. Wall Street had rallied on earlier in the day after cheerful morning tweet from Trump previewed a likely deal.
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