China to 'immediately' apply measures agreed in trade truce with US

Calling the talks with the U.S.

The president's optimism comes just after a day since he publicly declared himself a "Tariff Man", and stood by his protectionist trade policies even after stocks fell almost 800 points amid confusion over the result of Trump's meeting with Chinese President Xi Jinping.

"We are confident in implementation", the Chinese commerce ministry said, describing negotiations as "successful".

Few details have been made public about what the two sides will negotiate, a lack of clarity that has unsettled stock markets.

While at the conclusion of Saturday's working dinner, both the USA and Chinese delegations said that what amounted to a trade war "truce" between the leaders had been reached, the messaging from the White House that followed seemed to only muddy the waters.

"Teams from both sides are in contact and cooperating well, we are fully confident that we can reach an agreement in the coming 90 days", Gao said, without providing more specific details about what actions China will take.

On Tuesday, Trump tweeted about the potential for a deal with China, before warning that if a deal wasn't reached in 90 days he would slap more tariffs on China because he was "a Tariff Man".

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The Trump administration has imposed tariffs on Chinese...

In return, Washington said China would purchase "very substantial" amounts of USA agricultural, energy, industrial and other products.

Mr Trump heightened nervousness by tweeting that there would be "a REAL DEAL with China, or no deal at all" at the end of their three-month peace window, "at which point we will be charging major tariffs against Chinese product".

The two sides will also negotiate "structural changes" to forced technology transfer, intellectual property protection, cyber intrusions and cyber theft, services and agriculture, according to the White House.

China has said it will import more United States products to reduce its trade surplus, but no dollar amount has been publicly discussed.

High Chinese retaliatory tariffs on USA soybeans have caused the US exports of soybeans to drop by as much as 97 percent.

That optimistic tone contrasted with Chinese criticism of Canada's arrest of an executive of technology giant Huawei who a Toronto newspaper said is accused by the United States of trying to violate trade curbs on Iran.

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