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BEIJING (AP) — The prospects for a preliminary breakthrough in the U.S.-China trade war improved Thursday after the two sides agreed to reduce some punitive tariffs on each other's goods, though the full extent of the rollback wasn't clear.A Chinese spokesman announced the development Thursday as talks on ending the trade war progressed, and it triggered a rally in U.S. stock markets.A U.S. private sector analyst with knowledge of the talks said there are still deliberations in the White House about how far to roll back the duties and what steps China must take before the reductions would occur. The analyst spoke on condition of anonymity because he wasn't authorized to discuss the talks publicly.The ongoing talks are aimed at working out details of a "Phase 1" deal that was announced Oct. 12. Financial markets had been rattled by reports that China was pushing for tariffs to be lifted, which posed the prospect of a breakdown in talks.Negotiators agreed to a "phased cancellation" of tariff hikes if talks progress, said a Chinese Commerce Ministry spokesman, Gao Feng, early Thursday."If the two sides achieve a 'Phase 1' agreement, then based on the content of that agreement, tariffs already increased should be canceled at the same time and by the same rate," Gao said at a news briefing.As for the size of reductions, Gao said that would depend on the agreement."We can be cautiously optimistic here," said Mary Lovely, a trade economist at the Peterson Institute for International Economics in Washington. "The signals that are coming out are moving in the right direction for a deal."The two sides are aiming to finalize the agreement by the end of next week, the private sector official said. President Donald Trump and China's President Xi Jinping would still need to agree on where and when they would formally sign the pact.As part of the agreement, the Trump administration would withdraw threatened tariffs that it planned to impose Dec. 15 on about 0 billion in Chinese imports, the source said. Those duties would cover smartphones, laptops and other consumer goods.Still unresolved is whether and how much to reverse the tariffs that were imposed Sept. 1 on 2 billion of Chinese imports, the private sector analyst said."The White House never speaks with one voice," Lovely said.On Wall Street, stocks closed at new highs in the wake of the encouraging report from Beijing but shed some of their earlier gains after reports emerged of dissension within the White House over the idea of lifting tariffs. The Dow Jones Industrial Average rose 182 points to a record 27,675.Governments of the two biggest global economies have raised tariffs on billions of dollars of each other's goods in the fight over China's trade surplus and technology ambitions. That weighs on trade worldwide and threatens to depress corporate earnings and global economic growth, which is already showing signs of slowing.The Oct. 12 agreement was modest, and details have yet to be put on paper, but it was welcomed as a sign of progress toward ending the trade war.Lovely said that the agreement would help U.S. farmers and manufacturers — constituencies important to Trump in the 2020 election."It makes a lot of sense politically and economically for the president to say this is enough," she said.U.S. business groups largely praised the outline of the pact, saying that it would make progress in opening up China's market to foreign investment and to U.S. financial services companies."It's a step in the right direction," said Jake Parker, senior vice president of the U.S.-China Business Council. "It also builds momentum to tackle all the more difficult issues."The trade war has taken a toll on the U.S. economy. The Port of Los Angeles said Thursday that last month it handled 20% less cargo than the same month a year earlier. Exports have fallen for 12 straight months.Businesses have cut back on their spending on industrial machinery and other equipment amid the uncertainty created by the trade war. Those cutbacks have hurt U.S. factories and slowed annual growth to 1.9% in the July-September quarter from 3.1% in the first three months of the year.Trump agreed to postpone a planned tariff hike while lower-level officials hammered out details.Trump said China agreed to buy up to billion of American farm goods. Beijing has yet to confirm the scale of its commitment.China's imports of American soybeans and other goods tumbled 26.4% in the first nine months of this year following tariff hikes and orders to importers to find other suppliers.The Oct. 12 agreement helped to ease financial market jitters, but the two sides have yet to report progress on major disagreements over technology and other irritants following 13 rounds of talks.Trump and Xi were due to meet at this month's gathering of Asia-Pacific leaders in Chile but that event was canceled due to protests there.That dampened hopes a face-to-face meeting might produce progress. But U.S. officials say the two governments are looking for a different location.U.S. Commerce Secretary Wilbur Ross said this week any "Phase 1" agreement would be general and cover trade in specific areas such as soybeans and liquefied natural gas.More complicated issues would be tackled in later negotiations, Ross said. He gave no indication whether rolling back tariffs was a possibility at this stage.___Rugaber reported from Washington. 5430

BEDMINSTER, N.J. - President Donald Trump signed four executive orders Saturday at his golf resort in Bedminster, New Jersey aimed at helping both working and unemployed Americans during the ongoing pandemic.The orders include: Deferring the employee portion of the payroll tax until the end of the year for those making less than 0,000, enhancing unemployment benefits by 0 a week through the end of the year, deferring student loans and forgive interest into December (and possibly longer, the president eluded to extensions), and extend eviction moratoriums nationwide.The president said if he is elected to another term in November he would make the payroll tax changes permanent.To cover the increased cost of the enhanced unemployment benefits, states will be asked to cover 25 percent of the cost of the additional 0 a week. When asked at the press briefing what would happen if states did not cover their portion, the president said "if they don't, they don't" and said "they have the money."The argument for his move is that Washington’s gridlock is compelling him to act as the pandemic undermines the country’s economy and the November election nears.The president said people will see relief "very soon," when pressed about potential legal challenges to his executive orders, he said "some people" may challenge the executive orders but they will not win.This came after a last-ditch effort by Democrats to revive collapsing Capitol Hill talks on vital COVID-19 rescue money ended in disappointment. Deadlocks on aid to states and local governments and renewing supplemental unemployment benefits are blocking the way to agreement.During his Saturday speech, the president also announced he signed two bills that have to do with expanding health benefits for veterans.Saturday's event had the feeling of a political rally by the end, as members of the president's golf club were able to attend the press briefing. As the president answered some questions from the media, audience members cheered.The president gave a news conference at his exclusive country club Friday evening, where members had the chance to attend.As if it were a political rally, club members offered cheers and jeers as the president delivered broadsides against his political foes.Members booed when a reporter suggested the news conference violated social distancing regulations put in place by New Jersey's Democratic governor. 2431

British authorities have arrested a second man in connection with the bombing of a London Underground train on Friday, officials said Sunday.The 21-year-old man was arrested late Saturday in Hounslow, west London, by detectives from the London Metropolitan Police Counter Terrorism Command.In Friday's incident, at Parsons Green station, an improvised device exploded as a train arrived during the morning rush hour, injuring 30 passengers. 448

British officials have authorized a COVID-19 vaccine for emergency use, greenlighting the world’s first shot against the virus that’s backed by rigorous science and taking a major step toward eventually ending the pandemic. The go-ahead Wednesday for the vaccine developed by American drugmaker Pfizer and Germany’s BioNTech comes as the virus surges again in the United States and Europe, putting pressure on hospitals and morgues in some places and forcing new rounds of restrictions that have devastated economies. The Medicines and Healthcare Products Regulatory Agency recommended the vaccine could be used after it reviewed the results of clinical trials that showed the vaccine was 95% effective overall — and that it also offered significant protection for older people.“Help is on its way,″ British Health Secretary Matt Hancock told the BBC. “We now have a vaccine. We’re the first country in the world to have one formally clinically authorized but, between now and then, we’ve got to hold on, we’ve got to hold our resolve.”Hancock later added that the country expects to receive the first shipment of 800,000 doses “within days″ and will begin distributing shots soon afterward.According to The Associated Press, England will first distribute the vaccine to people over the age of 80, people in long-term care facilities and health care workers. Government officials believe the vaccine will be widely available sometime in the spring.Pfizer and BioNTech have shattered records in developing their vaccine. The fastest a vaccine had previously been developed came in 1967 when the mumps vaccine was developed in four years. Pfizer and BioNTech have only been working on their COVID-19 vaccine candidate since the start of the pandemic. 1757

BERLIN (AP) — German prosecutors say police investigating the disappearance of British girl Madeleine McCann in Portugal in 2007 are searching a garden plot in the northern city of Hannover in connection with their probe. Julia Meyer, a spokeswoman for the prosecutor's office in Braunschweig, confirmed local media reports Tuesday that police investigators had been at the site since Monday with an excavator in connection with the case but couldn't provide further details. McCann was 3 at the time of her 2007 disappearance from an apartment in Praia da Luz, Portugal while on a vacation with her family.German authorities said last month they had identified a 43-year-old German citizen as a suspect in the case.The suspect was "in and around Praia da Luz" at the same time McCann went missing, officials said in the news release.The suspect was seen driving two vehicles during his time in Portugal: a VW campervan and a 1993 Jaguar XJR 6. Officials say the Jaguar was re-registered to someone else in Germany the day after McCann went missing. 1057