US and China Reveal Details of 'Phase One' Trade Deal
  • 4 years ago
U.S. and China
Reveal Details of
'Phase One' Trade Deal The limited trade deal was
formally signed by President Donald
Trump and Chinese Vice Premier
Liu He at the White House. President Trump, via 'USA Today' Chinese President Xi Jinping, Statement The deal indicates a
break from the trade war
between the two nations that
has lasted nearly two years. Under the deal, China commits to
a boost of more than $200 billion
in the purchase of U.S. services and
goods over the next two years. China will also address
U.S. concerns that it
extorts technology secrets
from U.S. companies. Critics of the deal say it
"is largely a deal
on Chinese terms." David Rothkopf, Trade Official, via 'USA Today' President Trump will travel
to China once unaddressed
trade issues have been negotiated.