Investing.com – Wall Street pared some losses Friday after President Donald Trump said that the United States had had “very good” discussions with China and confirmed that he would be meeting with President Xi Jinping at the G20 summit.
The fell about 0.53%. The fell 0.87%, while the fell 1.64%. All three major averages rose off their session lows following the upbeat remarks on trade from Trump.
“President Xi and I have agreed to meet at G20 summit,” Trump told reporters Friday. Trump added that “a lot of progress” had been made toward reaching a deal that would be ” very fair for everybody.”
Trump’s comments, however, appeared to somewhat contradict earlier comments from White House economic advisor Larry Kudlow who said that Trump had not asked his Cabinet to put together a trade deal with China.
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