Deals

The Trump-Xi Truce Questions That Are Leaving Markets Flummoxed

U.S.-China trade deal from G-20 leaves out many key details
Investors are skeptical a long-term truce can be reached

China’s minister of commerce says he will push forward with trade negotiations. Bloomberg’s Tom Mackenzie reports.(Source: Bloomberg)

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By Andrew Mayeda

December 4, 2018 at 9:00 PM UTC

Updated on

December 5, 2018 at 12:17 AM UTC

This article is for subscribers only.

President Donald Trump’s dinner with Chinese leader Xi Jinping yielded a cease-fire in the trade war between the world’s two biggest economies, though the details are proving less than satisfying to those hungering for a lasting truce.

Global stocks slumped Tuesday as investors grew skeptical that the U.S. and China made a meaningful breakthrough Saturday. Trump administration officials struggled to explain the deal, while Beijing has yet to confirm the terms.