US & China sign ‘phase one’ trade deal to ease global economic tensions ...News

Russia Today - Economy
US & China sign ‘phase one’ trade deal to ease global economic tensions
source : Russia Today ( News ) () 125
The first part of a broader trade agreement between the world’s top economic superpowers was finally inked on Wednesday with the US suspending new tariffs in exchange for Chinese purchases of $200 billion in American goods. The accord, signed by President Donald Trump and Chinese Vice Premier Liu He, puts on pause the simmering trade row between Washington and Beijing. The more than year-long trade conflict resulted in multiple rounds of tit-for-tat tariffs on billions worth of goods. The provisions of the deal include Washington’s suspension of tariff increases on Chinese exports, with Beijing agreeing to buy more American farm and en

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