HMM: Trump Says China Will Remove Car Tariffs, China Claims Nothing.

“My meeting in Argentina with President Xi of China was an extraordinary one,” Trump explained in a follow-up post. “Relations with China have taken a BIG leap forward! Very good things will happen. We are dealing from great strength, but China likewise has much to gain if and when a deal is completed. Level the field!”

Meanwhile, China remains silent on the matter.

The stock market, on the other hand, is making noise. The announcement appears to have helped the share price of numerous automakers. General Motors and Daimler shares rose by more than 4 percent in premarket trading while Ford and Tesla increased by about 3 percent apiece. German manufacturers fared even better.

The markets might be nuts, but they’re still more trustworthy than Beijing.