De-escalation of trade war is good news for stocks, shoppers — and Beijing

Doug Barry, spokesman for the US-China Business Council, said eliminating tariffs would be a good start, but he stressed the need to find solutions to more entrenched issues facing US multinationals doing business in China. “We look forward to the next phases of negotiations to include state-owned enterprises, high tech and cybersecurity, and other areas in order to create a more level playing field for American companies as China has long promised,” he said. “China is changing, and we need to work constructively with them to speed up the process.”