New story in Business from Time: China’s Xi Jinping Offers Trade Concessions, but They May Not Be Enough to Satisfy Trump

It was a conciliatory gesture, though far from surrender. Chinese President Xi Jinping moved Tuesday to dampen the roiling trade dispute with the U.S. by pledging to “significantly lower” tariffs on imported American cars and further open his nation’s markets to foreign investment, thus helping to stave off fears of an escalating trade war prompted …

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