BREAKING: The U.S. and China have struck a preliminary, mini-trade deal, a move that will calm tensions that have roiled economic relations between the world's two largest economies for nearly two years
The United States and China have struck a preliminary, mini-trade deal, two people familiar with the negotiations said today, a move that will calm tensions that have roiled economic relations between the world's two largest economies for nearly two years.
The so-called phase one trade deal will require China to ramp up its purchases of U.S. farm goods within two years and enact financial services and intellectual property commitments, these people said. President Donald Trump is expected to cut back duties in place on $250 billion worth of imports and cancel a round of penalties on Dec. 15 that were expected to hit almost all remaining Chinese goods.The U.S.
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