China welcomes preliminary deal in trade war it blames on US

China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the…

China put a positive face Saturday on a first-step trade agreement that dials down a trade war it blames the U.S. for starting.

Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term. They remained cautious, saying both sides will have to show a willingness to compromise to resolve the more fundamental differences between them.

“It at least stabilizes the situation and lays a foundation for the next round of trade talks or canceling additional tariffs in the future,” said Tu Xinquan, a professor at the University of International Business and Economics in Beijing. “I cannot predict what achievement can be made during the future talks.”

Follow the live information on our channel