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US, China trade deal is a 'real breakthrough'


Added 12-13-19 09:04:02am EST - “The phase one agreement further deescalates the 21-month-long trade war.” - Foxbusiness.com

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Posted By TheNewsCommenter: From Foxbusiness.com: “US, China trade deal is a 'real breakthrough'”. Below is an excerpt from the article.

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Biggest takeaways from the U.S.-China trade deal reached Thursday include Chinese purchases of American crops and intellectual property, the Trump administration adviser says.

America's initial trade pact with China "looks like a real breakthrough," one expert says, marking President Trump's second victory this week on a key campaign promise.

The phase one agreement, which includes promises by Beijing to purchase $50 billion of U.S. agriculture, stronger intellectual-property protections and an end to China’s currency manipulation, further cools the 21-month-long trade war between the world’s two economic superpowers. The U.S. has agreed not to put 15 percent tariffs on $160 billion of Chinese goods on Sunday.

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