China on Friday reported underwhelming gains in monthly retail sales and industrial production, which could be a possible consequence of the Trump administration's import taxes against China. But China also is engaged in a broader slowdown, after a decades-long boom, in hopes of boosting consumer demand and fostering a sustainable level of continued growth.

Also Friday, China announced a 90-day suspension of tariff increases on $126 billion of U.S. cars, trucks and auto parts following its trade truce with Washington.