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China Agrees To Text Of Phase One U.S. Trade Deal

Ramsey Baker

Summary: China has agreed to the text for the phase one trade agreement with the United States, making for the most significant move in the 18-month long trade war between the two countries. China's Vice Commerce Minister stated in a press briefing in Beijing that "major progress" has been made during negotiations and that the U.S. ...

China has agreed to the text for the phase one trade agreement with the United States, making for the most significant move in the 18-month long trade war between the two countries.

China's Vice Commerce Minister stated in a press briefing in Beijing that "major progress" has been made during negotiations and that the U.S. will keep its promise to cancel previously imposed tariffs on China-made goods on a phased in basis.

By Ramsey Baker

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