For Quick Alerts
For Daily Alerts

Trump To Sign Phase One Of US-China Trade Deal On 15 January


The long-awaited trade deal between the two largest economies in the world is moving towards a definitive truce. A partial trade has been agreed to be signed between China and the US in the middle of this month.

Trump To Sign Phase One Of US-China Trade Deal On 15 January

In a tweet on Tuesday, US President Donald Trump said, "I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15."

He also said that the signing ceremony will take place at the White House where high-level representatives of the two countries will meet. Trump will be visiting Beijing at a later date to begin talks on Phase Two of the trade deal, he added.

Under phase one of the trade deal, which was announced on 13 December 2019, the US has plans to suspend new tariffs on $160billion worth of Chinese imports, which include smartphones and toys. China, in return, will be buying more US farming products and make fresh commitments to improve intellectual property protections. The countries haven't revealed the full terms of their 86-page agreement.

In December, US trade representative Robert Lighthizer had said that he is expected to sign the deal with his Chinese vice-premier, Liu He and that the full contents of the deal would then be released publicly.

Read more about: us china trade war china trump us
Story first published: Wednesday, January 1, 2020, 10:19 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more