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Trump Announces Phase One Of Trade Deal With China


Added 10-11-19 05:06:02pm EST - “As part of the deal, the next round of 30% tariffs will not be imposed. More agriculture trade between the two countries is expected.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “Trump Announces Phase One Of Trade Deal With China”. Below is an excerpt from the article.

U.S. President Donald Trump shakes hands with Chinese Vice Premier Liu He in the Oval Office at the White House October 11, 2019 in Washington, DC. President Trump announced a 'phase one' partial trade deal with China. Win McNamee/Getty Images hide caption

U.S. President Donald Trump shakes hands with Chinese Vice Premier Liu He in the Oval Office at the White House October 11, 2019 in Washington, DC. President Trump announced a 'phase one' partial trade deal with China.

As part of the deal, the next round of tariffs on Chinese imports will no longer be imposed. The U.S. was scheduled to raise tariffs on about $250 billion worth of goods on October 15 from 25% to 30%.

The specifics of the deal are still being hammered out and will be put into paper in the next four weeks. The heads of U.S. and China are expected to meet in a few weeks in Chile.

"We'll do a formal signing with President Xi and myself," Trump said of the meeting in Chile, which is hosting the Asia Pacific Economic Cooperation meetings in November.

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