US and China reach trade-war ceasefire, but the devil is in details

Gaps emerge over specifics on tariffs and agricultural purchases

20191214N US-China trade

The U.S. says China has committed to increasing its imports of U.S. goods and services by $200 billion over the two next years, but Beijing is mum on specifics. © Reuters

TAKESHI KAWANAMI and ISSAKU HARADA, Nikkei staff writers

WASHINGTON/BEIJING -- The optimism in the financial market and industry over the first-stage trade deal between the U.S. and China could be short-lived, with Washington and Beijing offering different takes on what was actually agreed on, including the handling of tariffs and amount of agricultural purchases.

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