WASHINGTON: The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world's two largest economies.Beijing and Washington have portrayed their 'Phase 1' agreement as a momentous step after months of start-stop talks punctuated by tit-for-tat tariffs that uprooted supply chains and stoked fears of a further slowdown in the global economy.
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WASHINGTON: The United States and China announced an initial trade deal on Wednesday that will roll back some tariffs and boost Chinese purchases of U.S. goods and services, defusing an 18-month conflict between the world's two largest economies.Beijing and Washington have portrayed their 'Phase 1' agreement as a momentous step after months of start-stop talks punctuated by tit-for-tat tariffs that uprooted supply chains and stoked fears of a further slowdown in the global economy.
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Washington DC (USA): United States President Donald Trump and Vice Premier of the People's Republic of China, Liu He, signed the phase one of US-China trade deal on January 15. “This is very important and remarkable occasion. Today we take a moment, a step one which has never been taken before with China, towards a future affair and reciprocal trade as we saw in phase one of the historical trade deal.
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