Another volatile session for US equity markets left the benchmark indices nursing modest losses after a strong start to the session - Dow lost -53-points or -0.22% after trading as much as +368-points higher at its session peak and down as much as -202-points at its session lows. The broader S&P500 slipped -0.04%, However, the technology-centric NASDAQ edged +0.18% higher. A contentious meeting between President Trump and Democratic leaders Chuck Schumer and Nancy Pelosi over border security, that saw the President threatento shut down government weighed on already fragile investor sentiment. However, it was a brighter picture on the US-China trade relations front, with Bloomberg reporting that the Chinese government is set to consider a reduction of tariffs on US cars and trucks to 15% from the current 40%. The proposal has been submitted to the Chinese Cabinet and will be reviewed in the coming days, the report said. A US official later told Reuters that China indicated it will cut the tariffs, but the US would wait on formal documentation and timing. The Bloomberg report came after President Trump had tweeted "Very productive conversations going on with China! Watch for some important announcements!". Meanwhile, Chinese Vice Premier Liu reportedly said on Tuesday (11 December) that he had been in discussion with US Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer, with the aim of de-escalating a global trade war.