The Trump administration says more China tariffs could be imposed in December

AP

• President Donald Trump was swift to assert that the US had made "very substantial" progress on trade with China last week.
• But American businesses and investors saw little refuge ahead from a 19-month tariff dispute between the largest economies.
• The agreement was "subject to documentation" and could still result in tariff increases in December, Treasury Secretary Steve Mnuchin said Monday.
• Visit Business Insider's homepage for more stories.

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Faced with a formal impeachment inquiry ahead of his reelection bid, President Donald Trump was swift to assert that the US had made "very substantial" progress on trade with China last week. But American businesses and investors saw little refuge ahead from a 19-month tariff dispute between the largest economies.

The White House announced on Friday that China would increase agricultural purchases, pursue unspecified changes to its currency and intellectual-property rules, and open up access to financial-services markets. In return, the US postponed tariff increases that had been scheduled for this week.See the rest of the story at Business Insider

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