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International News

Dec 22, 2019
8:52AM

Phase One trade deal with China to be signed very shortly: Donald Trump

Tweeted by @AIR
US President Donald Trump has said the United States and China will very shortly sign their so-called Phase One trade pact.

Trump said the two countries have just achieved a breakthrough on the trade deal and they will be signing it very shortly.

The Phase One deal was announced earlier this month as part of a bid to end the months-long tit-for-tat trade war between the world’s two largest economies.


Under the deal, the United States will agree to reduce some tariffs in exchange for a big jump in Chinese purchases of American farm products. Treasury Secretary Steven Mnuchin said last week the pact will be signed in early January.

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