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

Headline Roundup December 14th, 2019

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.

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

From the Center
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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...

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From the Left
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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...

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From the Right
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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...

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