China And President Trump Are Toning Down Their Trade War Rhetoric

CNBC: Trump says US and China resume trade talks Thursday ‘at a different level’

* Trump made the remarks in an interview with Fox News Radio without elaborating on what “a different level” means.
* “Let’s see what the end product is, that’s what you have to judge it by,” Trump said.
* China softened its stance, saying it’s willing to resolve the trade war with a “calm attitude” and indicating it won’t retaliate immediately.

President Donald Trump said the U.S. and China are set to have trade talks on Thursday “at a different level.”

“There’s a talk scheduled for today at a different level,” Trump said in an interview with Fox News Radio without elaborating on what “a different level” means.

“Let’s see what the end product is; that’s what you have to judge it by,” Trump said.

Read more ....

Update #1: China Indicates It Won’t Retaliate Now on New U.S. Tariffs (Bloomberg)
Update #2: Trump defends trade war with China amid GOP fears of economic impact (CNN)

WNU Editor: The markets are happy with this "new tone" .... Stocks are surging after China signals trade talks with the US could be back on (Business Insider).

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