China's Xi Vows To Open Economy, Reduce Tariffs Amid Threat Of Trade War

Entertainment (now) 2018-04-11

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On Tuesday, China's President Xi Jinping promised to open the country's economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse the threat of a trade war with the United States. The comments by Xi sent stock markets and the U.S. dollar higher on hopes of a potential compromise that could avoid a trade conflict.

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