President Donald Trump and China said they have a Phase One trade deal, including the cancellation of new tariffs on Chinese goods that had been scheduled for the weekend.
WASHINGTON – President Donald Trump and China said Friday they have agreed to a"limited" Phase One trade deal, including the cancellation of new tariffs on Chinese goods that had been scheduled for the weekend.
The United States will gradually eliminate tariffs on Chinese good in phases under the agreement, the Chinese government said.But Friday, Trump cast some doubts with a tweet calling into question the details of a deal that had been reported by the Wall Street Journal and other news organizations. Chinese officials held their news conference at the same time that the U.S. House Judiciary Committee in Washington voted to recommend articles of impeachment against Trump.
Just last week, Trump suggested that a trade deal might have to wait until after the 2020 election as the talks stalled in part over the question of China’s purchase of soybeans, poultry and other products from U.S. farmers. New duties of 15 percent were scheduled to take effect at 12:01 a.m. Sunday on $160 billion in Chinese goods, including smartphones and other electronics, computer monitors, watches and clocks, plastic kitchenware, clothing, linens, wigs and jewelry.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US reaches a phase one trade deal with China in principle pending Trump's approvalTrump met with his top economic advisors Thursday afternoon as he decides whether to delay tariffs set to take effect Sunday.
Read more »
Asia stocks set to jump as investors await signing of phase one US-China trade dealShares in Asia were set to jump at the open on Friday after sources told CNBC Thursday that Washington and Beijing have agreed to a phase one trade deal in principle, pending U.S. President Donald Trump's approval.
Read more »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December Tariffs[Update] Trump signs phase 1 China trade deal, avoiding brutal December tariffs
Read more »
Trump Signs Phase One China Trade Deal, Avoiding Brutal December TariffsThe long-awaited phase one trade deal has finally happened.
Read more »
Trump confirms 'phase one' trade deal with ChinaPresident Trump says he has agreed to a 'Phase One' trade deal with China. He says some tariffs on Chinese goods will remain at 25% and other tariffs will be reduced. Trump added that the new round of tariffs set to take effect on Sunday will be canceled.
Read more »