US and China agree to partial trade deal, but few details are released
by Don Lee and Alice Su, Los Angeles Times
Dec 13, 2019
3 minutes
WASHINGTON - The United States and China have reached a preliminary trade agreement that includes the cancellation and rollback of some tariffs on Chinese products and a commitment by Beijing to step up purchases of American farm goods.
An agreement on the so-called phase one deal, confirmed by President Donald Trump and senior Chinese officials moments apart Friday, could defuse tensions in a nearly two-year-long trade war that has strained relations and hampered the global economy.
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