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December 5, 2018

Confusion, fear surround U.S.-China deal

  • White House aides have struggled to explain the details, and China has not confirmed that it made most of the concessions, as Trump has claimed.
  • By CHRISTOPHER RUGABER
    AP Writer

    WASHINGTON — The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a stock market plunge and intensifying fears of a global economic slowdown.

    Investors had initially welcomed the truce that the administration said was reached over the weekend in Buenos Aires between Presidents Donald Trump and Xi Jingping — and sent stocks soaring Monday. But on Tuesday, after a series of confusing and conflicting words from Trump and some senior officials, stocks tumbled, with the Dow Jones sinking as much as 800 points.


     
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