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China media welcomes U.S. trade truce, markets surge


By Ben Blanchard and Andrew GalbraithBEIJING/SHANGHAI (Reuters) - Chinese state media gave a cautious welcome on Monday to the trade war truce agreed by China and the United States at the weekend, as Chinese shares, commodities and the yuan currency surged even as uncertainly remains about the deal.China and the United States agreed to halt new tariffs during talks between Chinese President Xi Jinping and U.S. President Donald Trump in Argentina on Saturday following months of escalating tensions on trade and other issues.In a meeting lasting two and a half hours, the United States agreed not ...

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First Published: Mon, December 03 2018. 10:15 IST