First phase of trade deal reached

October 12, 2019

A trade deal with China could be in the works as both the U.S. and China agreed on guidelines of a partial deal Friday which President Trump and China’s Xi Jinping may sign in the next month.

 

This is the most positive news in the 18-month trade conflict which has impacted both countries. Trump claims the deal is the first part of a bigger agreement. As part of the agreement, China would increase purchases of U.S. ag products and agree to intellectual property measures.

 

The U.S. will delay a tariff increase as details of the deal are finalized.  

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