Posted on 12/13/19
| News Source: Vosizneias.com
WASHINGTON (AP) — President Donald Trump said Friday that the U.S. and China have reached a Phase 1 trade deal, de-escalating a 17-month dispute between the economic powers.
The U.S. is dropping plans to impose tariffs Sunday on $160 billion in Chinese imports and is reducing some existing tariffs on Chinese goods. In return, Trump said, the Chinese have agreed to “massive” but unspecified purchases of American farm and manufactured products.