WASHINGTON | White House intensifies confusion and fear on US-China deal

WASHINGTON | White House intensifies confusion and fear on US-China deal

WASHINGTON ā€” The Trump administration raised doubts Tuesday about the substance of a U.S.-China trade cease-fire, contributing to a stock market plunge and intensifying fears of a global economic slowdown.

Investors had initially welcomed the truce that the administration said was reached over the weekend in Buenos Aires between Presidents Donald Trump and Xi Jingping ā€” and sent stocks soaring Monday. But on Tuesday, after a series of confusing and conflicting words from Trump and some senior officials, stocks tumbled, with the Dow Jones sinking as much as 800 points.

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