Trump, China Tout Trade Agreements to Quell Markets

President Trump’s rhetoric on trade with China may have caused a major stock market tumble on Tuesday, and now he’s trying to smooth things over. In a series of tweets on Wednesday, Trump expressed his optimism that the U.S. and China will in fact be able to work out a slate of trade disputes. And China also took aim at clearing up any confusion, stating it is “confident” a trade deal can be reached and that it will be working on an agreement over the next 90 days. The tumult came after days of silence by China following a summit of economic leaders in Argentina over the weekend. Trump announced afterwards that China had agreed to start buying more American products and ease the trade war.

—QUOTABLE: “Very strong signals being sent by China once they returned home from their long trip, including stops, from Argentina,” Mr. Trump tweeted. “Not to sound naive or anything, but I believe President Xi meant every word of what he said at our long and hopefully historic meeting. ALL subjects discussed!”