Worthy Christian News » World News » Trump Signs Off on Trade Deal With China to Avert December Tariffs


Trump Signs Off on Trade Deal With China to Avert December Tariffs

Thursday, December 12, 2019 | Tag Cloud Tags: , , , , , ,

(Worthy News) - President Donald Trump signed off on a so-called phase-one trade deal with China, averting the Dec. 15 introduction of a new wave of U.S. tariffs on about $160 billion of consumer goods from the Asian nation, according to people familiar with the matter.

The deal presented to Trump by trade advisers Thursday included a promise by the Chinese to buy more U.S. agricultural goods, according to the people. Officials also discussed possible reductions of existing duties on Chinese products, they said. The terms have been agreed but the legal text has not yet been finalized, the people said. A White House spokesperson declined to comment.

The administration has reached out to allies on Capitol Hill and in the business community to issue statements of support once the announcement is made, they said. [ Source: Time (Read More...) ]

Let your Friends know! Be sure to SHARE!





Copyright 1999-2020 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News » World News » Trump Signs Off on Trade Deal With China to Avert December Tariffs

Latest Worthy News

Worthy Christian News » World News » Trump Signs Off on Trade Deal With China to Avert December Tariffs