China calls Trump-Xi trade understandings preliminary (opens in new tab)

China’s commerce ministry said Saturday that understandings on trade, tariffs, agriculture and aircraft reached during President Trump’s visit to China were “preliminary” and would be finalized “as soon as possible,” after two days of talks with Chinese President Xi Jinping in Beijing ended Friday. The ministry said the two sides agreed to set up trade and investment bodies to keep negotiating reciprocal tariff reductions and investment issues, including possible cuts affecting agricultural p...