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NewsBreak: U.S. Offers to Cancel Dec 15 Tariffs in Return for Ag Purchases - WSJ

Published 12/12/2019, 10:07 AM
Updated 12/12/2019, 10:12 AM
© Reuters.

© Reuters.

Investing.com -- U.S. negotiators are preparing to offer to cancel the next round of import tariffs on Chinese goods and cut existing tariffs in return for guaranteed purchases of U.S. agricultural goods, the Wall Street Journal reported Thursday, citing people familiar with the matter.

Minutes earlier, President Donald Trump had tweeted that the U.S. was "getting VERY CLOSE to a BIG DEAL" on trade with China.

S&P 500 at 3,171.12 vs 3,140.62 before Trump's tweet.

Gold futures at $1,471.35 an ounce vs $1,488.85.

U.S. crude oil futures at $59.62 a barrel vs $58.98.

Latest comments

what if we come to know that this article was fake.. ?? !!
well. I hope he's not calling a quit.
So what?
So... Where are the demands US made. Or this is a capitulation. C'mon.
Yawn! Impeach! Remove!
heard that line before and what has come out from that... big fat nothing
Tariffs will go ahead on Dec 15; as a result, we will go shopping for stock bargains next monday
still to come, enjoy the moment, wait for the next.
so wait nothing changed?? lmao we have the exact that was in place before the 17 month trade war took place
Great deal, right, doesn't even get the amount of purchases from China for agg products back up to the levels prior to the tariffs. Some great negotiator Trump is willing to take any deal to take news away from his impeachment.
Sounds like Trump has chickened out and China will be buying what they desperately need anyway - big win for China! Meanwhile China pretty much carry on as before and most of the issues the Yanks are complaining about. Anyway, it will keep the US shoppers happy for Christmas buying
wow huge deal - soy beans. great job baby Trump. China wins, Trump is orange. Market cheering soybeans! haha
Told you so.....along with the other 500 folks who post about Trump’s bogus China talks claims.
soybeans? really?
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