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Trump Says "Phase One" Of China Trade Deal Reached, Tariff Hike Delayed, Enforcement Plan 'Still Being Worked Out'
Stocks cemented their best weekly performance in months on Friday after President Trump and Chinese Vice Premier Liu He - in a replay of their joint press conference from April (where the two men announced that the two sides were 'close' to a deal, which would assuredly be reached within a brief time frame) - revealed that Washington and Beijing had agreed to what Trump described as a "substantial, 'Phase One' deal with China." Meanwhile, Treasury Secretary Steven Mnuchin said China tariffs that were set to rise next week will instead be delayed (Trade Rep Robert Lighthizer said Trump hasn't made up his mind about ... (full story)
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