Apr 10

China's president offers U.S. possible trade concessions

President Xi Jinping promised Tuesday to cut China's auto tariffs and improve intellectual property protection in possible concessions aimed at defusing a worsening dispute with Washington over trade and technology that investors worry could set back the global economic recovery.

Trump made the remark in the Cabinet Room of the White House during a meeting Monday evening with his top military leaders, including Defense Secretary Jim Mattis and the chairman of the Joint Chiefs of Staff, Gen. Joseph Dunford.