U.S., China Reach 'Phase One' Trade Deal
Summary from the AllSides News Team
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From the LeftChina, U.S. Agree on Initial Trade Deal to Remove Some Tariffs
China and the U.S. agreed on the text of a phase one trade deal that includes the removal of tariffs on Chinese goods in stages, Vice Commerce Minister Wang Shouwen said, as President Donald Trump confirmed that some levies will be reduced and said the next round of talks will start immediately.
China will increase imports from the U.S. and other countries, Wang said at a briefing in Beijing Friday. Vice Chairman of the National Reform and Development Commission Ning Jizhe added that the specifics of agricultural purchases would be...
From the LeftWinners and losers in Trump’s ‘phase one’ China trade deal
President Trump and China finally agreed to a partial trade deal on Friday, putting the 21-month trade war between the world’s two largest economies on pause — for now.
Trump’s White House rushed to characterize it as “amazing” and “historic.” Top Chinese officials held a rare news conference to emphasize this deal was a win for them that meets the “growing needs of the Chinese people.” Stocks hit record highs Thursday as Wall Street applauded the news, but stocks ended little changed Friday as details trickled out. Democratic leaders and...
From the RightFarmers, manufacturers welcome 'Phase One', but ask Trump for more
The United States and China agreed to a “Phase One” trade deal Friday that would reduce tariffs on some Chinese goods and could be a boon to American farmers who have been hard hit by the 19-month trade war.
“America’s farmers and ranchers are eager to get back to business globally,” American Farm Bureau Federation President Zippy Duvall said in a statement. “Progress restoring our ability to be competitive in China is a key component of that and this development is welcome news.”
"For farmers, this could either be the...