U.S., China Reach 'Phase One' Trade Deal

Representatives from the U.S. and China inked the first details of a tentative trade deal on Friday, agreeing to scale back some tariffs in exchange for China buying about $200 billion more of U.S. goods in the next two years, among other things. The agreement, announced by President Donald Trump on Twitter and by Chinese officials at a briefing in Beijing, represents "phase one" of a nine chapter deal to eventually end the ongoing trade war between the world's two largest economies. While many outlets called the announcement a political win for the White House, other publications, including some conservative ones, argued that the deal lacks specifics or implied that it does not go far enough.