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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

Black Friday is changing this year and it may actually be less hectic than usual.Because social distancing is so important, stores are doing what they can to mitigate crowds. That includes doing away with hourly deals.“You used to have to line up to get that 6 a.m. deal, that 5 a.m. deal, and retailers are making it a lot easier to get deals over the course of Black Friday or over the course of the entire weekend to discourage you from waiting in those lines on Black Friday and bunching up in crowds like they're trying to avoid,” said Lisa Rowan, personal finance expert at Forbes Advisor.Lines will be socially distanced, and stores will be monitoring how many people are in the store at once.Sale prices will also be extended to online orders that you can pick up in store or curbside.There will also be great Cyber Monday deals, but make sure you get those orders in as soon as possible.“If you're planning on shopping online during Black Friday weekend, now is the time to do it, because it gives you a little bit of extra time to make sure those packages are going to get to you before you want to put them under the tree,” said Rowan.A lot of retailers will not be open on Thanksgiving Day, so keep that in mind while you plan ahead.Deals are expected to last all through December. 1301

BENTONVILLE, Ark. – Romaine lettuce that was sold at Walmart stores across the country is being recalled because it may be contaminated with E. coli.Tanimura & Antle Inc. is voluntarily recalling its packaged single head romaine lettuce after at least 12 people in six states became infected with a strain of E. coli, according to the Centers for Disease Control and Prevention (CDC). Five of those people were hospitalized.Health officials say they’ve determined that the E. coli strain in the affected lettuce was closely related genetically to the strain identified in ill people.The company says a total of 3,396 cartons of potentially affected product were distributed to the following states: Alaska, Arkansas, California, Illinois, Indiana, Massachusetts, Missouri, Nebraska, New Mexico, North Carolina, Ohio, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Virginia, Washington, Wisconsin, and the U.S. territory Puerto Rico.Walmart has released a list of more than 1,000 of its stores where the recalled lettuce was sold.Affected packages contain a single head of lettuce with the UPC number 0-27918-20314-9. They are labeled with the “packed on” dates 10/15/2020 or 10/16/2020. No other products or pack dates are being recalled.The Food and Drug Administration (FDA) says this strain of E. coli causes diarrheal illness, often with bloody stools. Although most healthy adults can recover completely within a week, some people can develop a form of kidney failure. It’s most likely to occur in young children and the elderly. The condition can lead to serious kidney damage and even death, according to the FDA.The CDC says people usually get sick from the E. coli two to eight days after swallowing the germ. Symptoms include severe stomach cramps, diarrhea, and vomiting. Some have a fever, which usually is not very high. If you are experiencing any of these symptoms, contact a physician.If you have any of the affected lettuce, officials say the product should be disposed of and not consumed.Those with questions or concerns can call the Tanimura & Antle Consumer Hotline at 877-827-7388, Monday – Friday, 8 a.m. to 5 p.m. 2158

Bollywood superstar Salman Khan has been sentenced to serve five years in prison after being convicted of illegal poaching in a decades-old case, prosecutors said Thursday.Bhawani Singh, a public prosecutor working on the case, told reporters outside the court that Khan can appeal the decision to a higher court. If Khan's appeal is accepted, he could be granted bail or have his sentence suspended.Khan, one of India's most recognizable and bankable actors, was found guilty of killing two blackbucks, a type of antelope found in the country, while working on a film in the northwestern Indian state of Rajasthan in the 1998. He was also fined 10,000 Indian rupees (0).Prosecutors alleged that the 52-year-old shot the two blackbucks while out driving with some of his co-stars.Khan pleaded not guilty and has long maintained his innocence as the case has languished in legal limbo over the years. Khan's lawyers said he was carrying an air gun, which cannot be used for hunting an antelope.The other actors, Saif Ali Khan, Sonali Bendre, Tabu and Neelam Kothari, were charged with abetting a crime but were acquitted Thursday, Singh said.Khan has long been known as one of Bollywood's bad boys and has been in trouble with the law before. In 2015 he was found guilty in a deadly hit in run accident and received a five-year prison sentence. A higher court later tossed the conviction, claiming the evidence presented was not sufficient.His trial has generated significant media coverage throughout India, with many of the country's news channels giving his case wall-to-wall coverage.The son of Indian screenwriter Salim Khan, Salman Khan made his movie debut in 1988, and his career took off shortly after.Today he's considered one of India's biggest celebrities -- to the point where he's often mobbed whenever seen in public -- and despite his brushes with the law, is still one of Bollywood's biggest draws.Khan has more than 32 million followers on Twitter and another 15.3 million on Instagram.Forbes ranked him 71st in their list of the world's highest paid celebrities and the ninth-highest paid actor, estimating he raked in million in 2017. Fellow Bollywood superstar Shah Rukh Khan, at number 8 on the list, is the only Indian actor to have earned more than him last year.  2307

BRISTOL, Tenn. (AP) - A man who police say was run over with a lawn mower while trying to kill his son with a chainsaw has had to have his leg amputated.The Bristol Herald Courier reports that a warrant for 76-year-old Douglas Ferguson couldn't be served until Tuesday because of the severity of his injuries.According to a Sullivan County Sheriff's Office release, officers called to a home June 28 found Ferguson bleeding from his leg and head. A preliminary investigation indicated he had tried to attack his son with a running chainsaw while he son mowed the yard.Detectives say the father and son had an ongoing feud.Ferguson is charged with attempted second-degree murder and violating probation. It's unclear whether he has a lawyer to comment on his behalf. 773

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