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Trump says US and China to hold signing ceremony for phase-one trade deal

Tuesday, December 24, 2019 | Tag Cloud Tags: China, News, tariff, Trade, Trump, Worthy News | Learn about our FREE SYNDICATION Service | Get news worthy of your attention! | Printer Friendly

(Worthy News) – President Donald Trump said Tuesday that the US and China would hold a formal ceremony to ink an interim trade agreement to defuse a tit-for-tat dispute between the two sides.

“We will be having a signing ceremony,” Trump said to reporters. “We will ultimately, yes, when we get together. And we’ll be having a quicker signing because we want to get it done.”

The two nations revealed this month details of the so-called phase-one deal, which suspended planned escalations and lowered tariffs on a portion of affected products. The deal also appeared to secure commitments from China on some of the issues at the center of a more than yearlong standoff between the world’s two largest economies. [ Source: Business Insider (Read More…) ]

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