China Says Trade Deal Is “Major Achievement”, Claims Trump Will Rollback Tariffs

The machines are busy…

Stocks and Yuan are soaring back to the highs of the day after Chinese officials confirmed that the US-China trade deal that has been reached is a “major achievement.”

Officials say the two sides will “agree to complete the last stages of the deal as soon as possible,” and that China “welcomes high quality goods and services into its market.”

Additionally they say “the deal will help boost global confidence.”

Stocks are back at  the highs…

And yuan is spiking back…

China has confirmed that both parties agree not to impose the December 15th tariffs but, what is notable is that China claims that the US has agreed to remove prior tariffs in stages – which disagrees with Trump’s earlier comments on the WSJ story being fake news.