Trump says he hasn't agreed to roll back tariffs, despite China's announcement

President Donald Trump told reporters Friday that he has not committed to rolling back tariffs on China – a statement directly opposite to what appeared to be a breakthrough announcement from China on Thursday that the two countries had agreed on a deal to start rolling back tariffs in phases, easing the U.S-China trade war.Trump told reporters as he left on a trip to Georgia that “they want to make a deal a lot more than I do. I’m very happy right now.

On Thursday, as part of a"phase one" agreement, Beijing and Washington acknowledged a plan to roll back tariffs, according to a Trump administration official. A Chinese Commerce Ministry spokesman, Gao Feng, also confirmed this agreement, saying if talks continued, a ‘phased cancellation’ of tariff hikes would progress, according to the Associated Press. The rollbacks would have been an important easing of the current trade war.

Under Trump, tariffs have been placed on over $300 billion worth of Chinese goods, a move which caused retaliatory tariffs to be placed on U.S. exports, causing uncertainty among many U.S. businesses. Soybean and corn farmers have seen a drop in selling price of their crops, and companies like GoPro and Fitbit have announced that much of their manufacturing will be moved out of China to avoid tariff costs.

On Thursday, in the wake of the announcement that both tariffs and the trade war could be rolled back, the S&P 500 index jumped to a record-high by midday and the Dow jumped more than 200 points. Trump took to Twitter, saying “Enjoy!”On Friday, both the S&P 500 and the Dow averages were lower.

Who do you believe? This will go on for months.

he said the tariffs are off,

There won’t ever be a deal! The Chinese don’t trust him and for good reason!

Epsteindidntkillhimself

trump does his best work for his pockets

POTUS has to be careful of any statements that might be interpreted as quid pro quo.

Pinocchio president!

Another Trump shakedown?

Why would Xi help Trump end the trade war before the 2020 election?

These tariffs are costing automakers, so they’re cutting jobs. A handful of my family and friends including my husband lost the job of 19 years in the auto industry because of these tariffs in March. How many things are made from steel and aluminum? Want to pay 50% more ?

This photo looks like something out of The Godfather with Trump making an offer that can’t be refused! Creepy

POTUS FlipFlopInChief

Tariffs gave us one Depression, shall we go for two...?

Wow, China claiming something isn’t true. Imagine that

He speaks out of both sides of his mouth

Trump lost the tariffs war. He's too ignorant to admit it.

China: Tariffs? Not even a threat to us! Just print more RMB will do! Chinazi

There’s still some buying and selling of manipulated stock to do...

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