THAT’S NOT WHAT XI SAID

“Trump makes it sound like China is starting to cave to his demands. Top Chinese officials make it sound like the only thing that’s about to change is that U.S.-China trade relations would go back to where they were in January — before Trump unleashed his tariff war.” It’s not an ‘incredible deal’ yet, but the market likes the lifting of tensions between China and the US.

China seems to have a markedly different view of the trade war cease-fire reached with the Trump administration over the weekend, with state media outlets making no mention Monday of a 90-day time frame or a reduction in tariffs on imported U.S. cars — or indeed any specifics about buying more American products.

+ Meanwhile, back on Twitter, the president is chiming in on the sentencing request made by Michael Cohen