Is it 90 days from Dec. 1 or 90 days from Jan. 1?

There was mass confusion on Tuesday, Dec. 3 as experts debated when the 90-day truce went into effect. 

Earlier Tuesday morning, TheStreet reported that White House officials attempted to add specifics to the headlines generated from the weekend's trade summit between Donald Trump and Chinese President Xi Jinping, with economic adviser Larry Kudlow saying he expected certain tariffs on goods heading into China to "fall to zero" and the nation's broader commitment to removing barriers to accelerate under Xi's supervision. However, confusion over the start date for the 90-day truce agreed to on Saturday - which the White House said was Dec. 1 while China insisted didn't apply until the new year - and the fact that no commitments from either side were put in writing, encouraged some investors to fade Monday's Wall Street rally.

President Trump weighed in on the dispute Tuesday morning.

The negotiations with China have already started. Unless extended, they will end 90 days from the date of our wonderful and very warm dinner with President Xi in Argentina. Bob Lighthizer will be working closely with Steve Mnuchin, Larry Kudlow, Wilbur Ross and Peter Navarro.....

— Donald J. Trump (@realDonaldTrump) December 4, 2018
Meanwhile, investors were rattled Tuesday by a move in U.S. bond markets that could signal slowing growth in the world's largest economy and taint the bullish sentiment provided by the apparent breakthrough in U.S.-China trade talks.
 
Here's what Jim Cramer's watching as Wall Street reacts to the trade truce. 

 

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