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Trump says China trade talks 'going very well'

AFP  |  Washington 

US said Friday negotiations to defuse the high stakes trade conflict with are "going very well".

met China's at the weekend and agreed to a 90-day tariff truce in order to find a more permanent solution to the costly dispute, but messages since have been mixed, roiling global stock markets "talks are going very well!" tweeted.

and have exchanged steep tariffs on more than USD 300 billion in total two-way trade, locking them in a conflict that has begun to eat into profits.

Traders were initially buoyed by the apparent deal agreed at the meeting in but questions were quickly raised about the details -- and whether the world's top two economies could actually resolve their differences.

That was compounded by that a top at giant had been arrested in and faces extradition to the US over allegations the firm had broken linked to

The arrest of fuelled concerns about already fraught relations between and and the future of the trade talks.

on Thursday appeared to try to ease concerns by saying it would "immediately" implement measures agreed under the truce.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, December 07 2018. 22:25 IST