China trade war talks will end in March - unless they don't

President Donald Trump declared himself

President Donald Trump declared himself"Tariff Man in a tweet that contributed to investors fears about the tenuous US-China trade truce

However, a brokerage report speculated that a three-percent jump in Chinese stocks on Monday was partly stoked by enthusiasm based on optimistic but vague reporting in Chinese newspapers.

Trump addressed one of the concerns by indicating he would not be opposed to extending the 90-day truce.

China has made no direct mention of specific goods they will start to buy nor given any timeframe for when they may start.

"There's a specific understanding that we're going to now turn the agreement the presidents have into a real agreement over the 90 days", Mnuchin told reporters during a gaggle outside the West Wing, while the president was busy tweeting on the topic and said he has a "very strong and personal relationship" with President Xi.

The warning comes days after Trump and Chinese President Xi Jinping made a preliminary trade agreement to delay the trade war's escalation.

Following the Trump-Xi talks, which took place over dinner at the end of the G20 summit, Washington agreed to hold off on Trump's threat to slap 25 per cent tariffs on United States dollars 200 billion worth of Chinese goods from January 1, leaving them at the current 10 per cent rate.

A lack of detail from the Chinese side has left investors and analysts wondering if Trump's exuberance is warranted, and if details touted by the White House but left out of Chinese reporting on the agreement are in question.

The White House said Xi said he was open to approving the previously unapproved Qualcomm-NXP deal should it again be presented to him.

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In a surprise announcement tweeted Sunday night, Trump also said China would "reduce and remove" tariffs of 40 per cent on cars, though Beijing has yet to confirm the move.

Trump last week ordered a separate review of China's 40 per cent tariff on auto imports from the USA, 25 percentage points of which is the result of Chinese retaliation against Trump's own tariffs on imports from China. But if not remember, I am a Tariff Man", he tweeted on Tuesday. "When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. "It will always be the best way to max out our economic power", he said on Tuesday. China raised its tariff on auto imports from the US from 15 percent to 40 percent in retaliation for Trump administration tariffs on imports from China.

The president's Treasury secretary, Steven Mnuchin, told reporters Monday that there will be "specific changes right away" to help the agricultural industry, even as the majority of the tentative agreement remains to be worked out over a 90-day-period agreed upon between the US and China.

Trump said China had committed to buying large amounts of USA agricultural products and completely removing all tariffs on United States automobiles, a huge shift from its current 40 per cent penalty, although China hasn't confirmed this.

That approach so far has amounted to slapping tariffs on US$250 billion (NZ$361 billion) of Chinese imports and vowing to impose penalties on all other imports if China doesn't make changes.

"However I will give it to him that he has managed to bring China to the table", said Guajardo, who is now a senior director at Washington-based McLarty Associates focusing on global trade.

"Lighthizer has been put in charge of negotiations", Navarro said.

Markets took a dive following Trump's tweetstorm.

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